Day: July 25, 2019

The cost of global warming @jamespeshaw @Greenpeace

Richard Epstein’s preferred Human Rights Act

The muting of political fulmination: how pamphleteers were brought to book by NZ’s advertising police

Point of Order

Emma Vere-Jones – according to a website in that name  – describes herself as a journalist, author and copywriter.   What distinctions she draws among those different forms of writing are a moot point, assuming she is the same Emma Vere-Jones who has brought a bunch of political pamphleteers to account as “advertisers” for disseminating material with which she disagrees.

Pamphleteering – we should not forget – was an early form of journalistm and in the days before the advent of the periodical press, pamphleteers were the world’s proto-journalists.

As a paper platform for a spectrum of religious fanatics, eccentrics, social commentators, and satirists, the pamphlet evolved as a weapon of propaganda (forged between the fledgling press and Star Chamber censorship) for powerful vested interest groups, political parties, governments – and revolutionists.

The Guttenberg revolution of the Renaissance provided the spark and the Reformation of the sixteenth century…

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More and More Evidence that Higher Minimum Wages Mean Fewer Jobs and Less Opportunity

International Liberty

How many times can you say the same thing over and over and over again?

When it comes to the minimum wage, we may never know the answer.

No matter how often new research is produced showing that low-skilled workers are hurt when politicians cut off the bottom rungs of the economic ladder, politicians persist in pushing for bad policy.

Many state already have increased minimum wages, and the “Fight for $15” crowd wants a nationwide increase.

So let’s explain, for the umpteenth time, why this is misguided.

We have lots of data and anecdotes to review, so let’s begin with some scholarly research from Europe.

Here are some results from a study in Denmark, where the minimum wage increases when workers reach age 18, at which point many of them lose their jobs (h/t: Marginal Revolution).

This paper estimates the long-run impact of youth minimum wages…

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The Hypocrisy of Bernie Sanders

International Liberty

Two months ago, I pointed out that San Francisco’s housing crisis was a “learnable moment” because some folks on the left actually now understand the negative consequences of government intervention.

Now I’m wondering if we might actually have a learnable moment on the issue of minimum wages for Crazy Bernie.

The Vermont socialist is experiencing something akin to what it’s like to be an entrepreneur or business owner. He’s having to generate revenue for his campaign and figure out the best way to allocate the funds.

And – surprise, surprise – he doesn’t want to pay above-market wages. Which makes him a giant hypocrite since he wants to use government coercion to impose higher minimum wages on the private sector.

Professor Art Carden highlights three things that Bernie should learn from this experience.

Bernie Sanders is having trouble with his unionized–and apparently underpaid–labor force. …the Sanders campaign…

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Scott Freeman and Bruce Champ on deposit insurance and moral hazard

Milton Friedman marshalls arguements against market socialism and workers’ cooperatives