by Dan Mitchell | Feb 28, 2014 | Blogs, Economics, Minimum Wage
Like John Stossel and Thomas Sowell, I’m not a big fan of the Federal Reserve. It’s not just that I’m a libertarian who fantasizes about the denationalization of money. I also think the Fed hasn’t done a good job, even by its own metrics. There’s very little doubt,...
by Dan Mitchell | Feb 23, 2014 | Blogs, Economics, Minimum Wage
If I banged my head against the wall every time politicians advocated bad policy in Washington – which is a tempting impulse, I would have been institutionalized because of brain damage a long time ago. But it’s difficult to maintain my self control when I think...
by Dan Mitchell | Mar 24, 2013 | Blogs, Economics, Europe, Minimum Wage
I’m not a big fan of the German government. Angela Merkel has a disturbing desire to impose fiscal and political union on the European continent. And even the supposedly free market Free Democratic Party seems perfectly comfortable with a gradual descent into statism....
by Dan Mitchell | Mar 7, 2013 | Blogs, Economics, Minimum Wage
Should the federal government make life more difficult for low-skilled workers? I hope everyone will emphatically say “NO!” Heck, most people understandably will think you’re crazy for even asking such a preposterous question. But some of those people will also think...
by Dan Mitchell | Jul 2, 2011 | Blogs, Economics, Minimum Wage
My Cato colleague, Mark Calabria, recently explained how the minimum wage destroys jobs, and I’ve written on several occasions why government-mandated wages can create unemployment by making it unprofitable to hire people with low work skills and/or poor work...
