Economic theory has a few things to say about what will happen to the quantity demanded of something if you raise its price. But activists—and a few economists—have argued that, for various reasons, when the quantity you’re talking about is the quantity of labor, it isn’t as simple as that. In this context, the experience
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Wednesday morning, basking in the shade of the red wall he helped build to hold back the vaunted “blue wave,” President Trump tweeted: — Donald J. Trump (@realDonaldTrump) November 7, 2018 Virtually everyone, including the president’s former press secretary, Sean Spicer, thought Trump was being sarcastic. Spicer himself, appearing on Fox News that same day,
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The other day, I wrote about the disadvantages of state and local governments issuing general obligation debt. Those governments currently have more than $3 trillion in overall debt outstanding. Government borrowing enriches financial firms, encourages corruption, and magnifies the ultimate tax burden that citizens will bear for the related spending. It is prudent and practical for states
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As we approach the centenary of Armistice Day, 1918, let’s spend a few minutes with a British writer who supported his country’s war against Germany and worried about the peace that resulted from it. That writer would be G. K. Chesterton, who died in 1936, just before World War II, or the war that he
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“Parents should not make empty threats to their kids.” You would be hard pressed to find anyone who will disagree with that statement. Parenting philosophies across the spectrum agree that empty threats are a bad idea. Given that consensus, it’s astonishing how often parents resort to empty threats. In fact, they are probably the most
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In the aftermath of Donald Trump’s election in 2016, Mara Keisling, head of the National Center for Transgender Equality, anticipated his hostility. She declared that trans people would fight for their rights – and that “Over the last two decades, we have made faster progress than any movement in American history”. That’s probably right. Faster
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