Economist Walter Williams knows that minimum wage laws are hurting poor, African-American teenagers and his new book, “Race and Economics: How Much Can Be Blamed on Discrimination?”, attempts to dispel the myth that higher minimum wage laws help. Simple economics recognizes that if the price of labor increases, employer demand …
Rewarding failure is a fundamental precept of The Bureaucratic Code, which helps to explain why government’s regulatory powers grow in spite of its incompetence. Examples are legion, of course, including the recent case of the State Department and passport fraud. The General Accounting Office (GAO) has on several occasions investigated …
The U.S. Bureau of Economic Analysis just announced that the trade deficit for March increased to $48.2 billion. The federal budget deficit plays a major role in creating U.S. trade deficits. When the government sells Treasury bonds to finance the budget deficit, it competes with U.S. exporters and private borrowers …
Ohio small-businessman Jack Buschur has a message for Washington about job creation: Get out of the way. In a new video released by the House Committee on Oversight and Government Reform, Buschur explains how a slow economy and costly compliance with government regulations forced him to lay off 12 workers …
Fed up with the federal government’s ban of the traditional incandescent light bulb, state representatives in South Carolina are pushing for the state to produce and use incandescents solely for its state. The Incandescent Light Bulb Freedom Act, which unanimously passed South Carolina’s Senate panel, would allow South Carolina manufacturers …
