“Poverty in society is overcome by productivity, and in no other way. There is no political alchemy which can transmute diminished production into increased consumption.”
Bradley Thomas
Bradley Thomas is creator of the website EraseTheState.com and is a libertarian activist and writer with nearly fifteen years of experience researching and writing on political philosophy and economics.
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Listen to the Audio Mises Wire version of this article. Imagine thinking the government can reduce poverty. For most readers of this website, the thought is laughable. And for good reason. The...
There are plenty of sound reasons to oppose government minimum wage laws, but there is one objection making the rounds that is based on bad economics and should be avoided, and that’s the "businesses will pass on the costs to consumers" objection.
