A minimum-wage law, a law that prevents employers and employees from entering into mutually beneficial economic exchanges, is as far from a free market or free enterprise as one can get. That's why it causes so much damage and destruction, especially to black teenagers and others whose labor, for one reason or another, is valued by employers at less than the government-established minimum wage.
Jacob G. HornbergerIs there another way? Of course there is. There is a way based on simple moral principles: Everyone keeps his own money. Everyone decides what to do with his own money. No income tax. No IRS. No government grants or assistance to anyone. All charity is voluntary. It's called freedom. It's a peaceful, harmonious way of life, one that Americans once believed in.
Jacob G. HornbergerThe lesson that Americans today have forgotten or never learned - the lesson which our ancestors tried so hard to teach - is that the greatest threat to our lives, liberty, property, and security is not some foreign government, as our rulers so often tell us. The greatest threat to our freedom and well-being lies with our own government!.
Jacob G. HornbergerNo matter what federal program one selects - Social Security, Medicare, Medicaid, the drug war, the income tax and the IRS, education, foreign interventions and wars - they are all a giant mess.
Jacob G. HornbergerThe cult of the omnipotent state has millions of followers in the united States. Americans of today view their government in the same way as Christians view their God; they worship and adore the state and they render their lives and fortunes to it. Statists believe that their lives - their very being - are a privilege that the state has given to them. They believe that everything they do is - and should be - dependent on the consent of the government. Thus, statists support such devices as income taxation, licensing laws, regulations, passports, trade restrictions, and the like.
Jacob G. HornbergerFrom the inception of our nation our American ancestors intended for the United States to operate under a precious-metals monetary system or, more specifically, under a monetary system in which people used gold and silver coins rather than paper money as the media of exchange.
Jacob G. HornbergerA minimum-wage law, a law that prevents employers and employees from entering into mutually beneficial economic exchanges, is as far from a free market or free enterprise as one can get. That's why it causes so much damage and destruction, especially to black teenagers and others whose labor, for one reason or another, is valued by employers at less than the government-established minimum wage.
Jacob G. Hornberger