Page 4 - Basic Economics News Today

Thomas Sowell is a genius who is phenomenal at explaining economics in a way the average person can understand and has brilliant insights into our culture and into the way liberals think. If you enjoy the timeless wisdom in these quotes, you may enjoy reading his books as well. Although you probably will never run across a bad one, Basic Economics and The Vision of the Anointed: Self-Congratulation as a Basis for Social Policy are particularly insightful. Since Thomas Sowell is officially r...

The Labor Market Shortage is Exposing Two Big Ways the Government Hurts Teenagers It’s time to stop coddling our kids. Thursday, June 3, 2021 My 14-year-old daughter walked over to a nearby floral shop earlier this week to see if she could work there part-time this summer. The florist had posted recently on social media that he was hiring. With her resume in hand, and spring classes over, my daughter told the shopkeeper she could start as soon as possible. The florist said he would love to hi...

Stories Companies Are Preparing to Cut Jobs and Automate if Biden Gets $15 Minimum Wage Hike, Reporting Shows Let’s hope that Joe Biden’s minimum wage fantasies never become law—or workers will pay the price for his economic naiveté. Sunday, November 15, 2020 Nobel laureate Milton Friedman once said that “One of the great mistakes is to judge policies and programs by their intentions rather than their results.” When it comes to the $15 minimum wage hike supported by Joe Biden and man...