By mandating an even higher minimum, the living wage prices even more people out of work. The people who push these cockamamie ideas never seem to ask why any employer would hire someone at $8.23 if that person's services are only valued in the marketplace at, say, $5.00.
Lawrence ReedOn the silver screen, capitalists are usually vilified as greedy and heartless, while statists of every stripe are depicted as selfless, romantic idealists who only want to help people.
Lawrence ReedHave you ever noticed how statists are constantly "reforming" their own handiwork? Education reform. Health-care reform. Welfare reform. Tax reform. The very fact that they're always busy "reforming" is an implicit admission that they didn't get it right the first 50 times.
Lawrence ReedOur expensive welfare state is fueled by the destructive notion that 'greed' is when you want to keep your own money but 'compassion' is when you want to take somebody else's.
Lawrence ReedMonetary reform, if it is to be genuine and successful, must sever money and banking from politics. That's why a modern gold standard must have: no central bank; no fixed rations between gold and silver; no bail-outs; no suspension of gold payments or other bank frauds; no monetization of debt; and no inflation of the money supply, all of which have proved so disastrous in the past.
Lawrence Reed