Industrial Policy and Mitchell’s Law

Industrial Policy and Mitchell’s Law

Most examples of Mitchell’s Law involve government passing a bad law (increase in minimum wage) that leads to a bad consequence (fewer jobs), which then becomes the excuse for a new bad law (job training programs). Sometimes, though, politicians don’t...
Shareholders Over Stakeholders, Part II

Shareholders Over Stakeholders, Part II

In Part I, I warned that “stakeholder capitalism” is not just empty virtue signaling. Some advocates are using the concept to promote a statist agenda. For Part II, let’s start with this video. The main message of the video is that ethical profits are good...