Price Controls

The Union Barons Strike Back with Legal Price Fixing and the Repeal of Right To Work Laws

Taxpayers will have to pay more for state construction due to the reinstatement of prevailing wage and workers will be compelled to pay for union representation they don’t want due to the repeal of Right to Work statutes.

Killed by the ‘Living Wage’

Killed by the ‘Living Wage’

Businessmen in Santa Fe, New Mexico, are going to court to defend their most basic economic right--the ability to voluntarily negotiate wages with their employees. Last month, the Santa Fe city council voted to raise the minimum wage to $10.50 per hour over the next...

An Ancient Fallacy: Price Controls

An Ancient Fallacy: Price Controls

When Hawaii recently passed a law controlling how high the price of gasoline can go in that state, it was the first law controlling the price of gasoline since 1981, when President Ronald Reagan ended federal control over oil prices. What was unusual about the...

Forty Centuries of Wage and Price Controls

Forty Centuries of Wage and Price Controls

Even the Department of Energy's study found that price caps -- which, let's not forget, are what got California into this mess in the first place -- won't improve the energy situation. In fact, they'll likely make it worse. The study concluded that a $150 "hard cap"...

Price Controls and the Electricity Crisis in California

Price Controls and the Electricity Crisis in California

It was only a passing news item when the financial information service Standard & Poor's lowered the rating it gave to bonds issued by the state of California. But it has big implications and it also shows the big difference between economics and politics. At the...

Minimum Wage, Maximum Stupidity

Minimum Wage, Maximum Stupidity

Warning: Over certain issues, otherwise intelligent people may, repeat, may suffer instantaneous, and often irreversible, brain-freeze. Take the minimum wage. The City Council in Santa Monica, Calif., a town also known as "Moscow on the Pacific," just voted...

Minimum Wage: Yet Another Republican Retreat

Minimum Wage: Yet Another Republican Retreat

Every so often, without fail, the Republicans remind me why I don't join the party. A recovering drug and alcohol abuser, living in the streets, recently told me the following story. One day, in desperate need of money, he went to the owner of a convenience store. The...

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