February 26, 2021 - By David R. Henderson
“The Right Minimum Wage: $0.00.” That was the title of a 1987 editorial in a major American newspaper. The editorial stated: “There’s a virtual consensus among economists that the minimum wage is an idea whose time has passed. Raising the minimum wage would price working poor people out of the job market.” You might expect […]
February 25, 2021 - By GEORGE P. SHULTZ , JOHN F. COGAN , JOHN B. TAYLOR
STANFORD – Many in Washington now seem to think that the US federal government can spend a limitless amount of money without any harmful economic consequences. They are wrong. Excessive federal spending is creating grave economic and national-security risks. America’s fiscal recklessness must stop. The COVID-19 crisis has provided the latest impetus for government spending, […]
