U.S. Economy

Target may have increased starting wage levels within their company, but only a government can create and enforce a "minimum wage."

Unfortunately for us, James Grant is right.

Two recent interviews with Ryan McMaken covering employment issues.

A national one-size-fits-all minimum wage is far worse than the state mandates, and punishes areas with low cost of living the most.

Tax day reminds us of the violent coercion that is essential to every government's budget.

The pragmatist looks for areas where the economy and society fall short of the Garden of Eden, and these, of course, abound. Poverty, unemployment, old people with scurvy, young people with cavities — the list is indeed endless.

In his Newsweek column, Henry Hazlitt addresses inflation, deflation, and criticisms of capitalism by "democratic socialists." 

Implicit in Trump's economic statements is Mill's (and the Austrians') central message that there is no need to ever worry about the level of consumption, because it will always naturally adapt itself to the level of production.

Samuel Bostaph (University of Dallas) discusses his recent book, Andrew Carnegie: An Economic Biography.

California is on the verge of increasing the statewide minimum wage to $15, from $10. According to one pro-minimum wage policy advisor, "It would mean a raise for one of every three workers in the state."