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government intervention

Economics

The Racist History Of Minimum Wage Laws

In 1966, Milton Friedman wrote an op-ed for Newsweek entitled “Minimum Wage Rates.” In it, he argued “that the minimum-wage law is the most anti-Negro law on our statute books.” He was, of course, referring to the then-present era, after the far more explicitly racist laws from the eras of slavery and segregation had already been removed. Friedman’s observation about the racist effects of minimum wage laws can be traced back to the nineteenth century, and they continue to have a disproportionately deleterious effect on African-Americans into the present day. The earliest of such laws were regulations passed in regards… Keep Reading

healthcare
Economics/Politics

Healthcare Isn’t a Right Or a Privilege

A few days ago I had the opportunity to participate in a brief discussion on the subject of healthcare, more precisely, whether it is a right or a privilege. The person I was talking with is one of those who frames the debate in terms of a false dilemma: healthcare is either a right or a privilege. If it is not one it must be the other, the former being the morally upright side of the debate, the latter being on the side of evil corporations and systemic greed aimed at killing and robbing as many poor people as possible.… Keep Reading

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