Category Archives: economics

Evil or Stupid?

Apparently, Lew Rockwell doesn’t like unions any more than I do. However, Mr. Rockwell’s feelings seem to be much stronger than mine, prompting him to call them evil. IMHO, he would do well to remember Napoleon’s wise maxim, “Never attribute to malice what could be sufficiently explained by ineptitude.” While some unions have certainly arrogated […]

No Tenure for Teachers

“The [New York State teachers’] unions late Tuesday were successful in banning student performance in the classroom from the tenure process.” Say what?! News stories like this drive me nuts. There should be no such thing as tenure for teaching faculty who are not also professional researchers. The latter need tenure to protect them from […]

The Ontological Status of Tobacco

Tobacco Regulation Smokescreen Have you ever seen anyone sit down at the breakfast table and pour themselves a big ol’ bowl of cigarettes? Of course not. Why not? Because cigarettes aren’t food, that’s why. Have you ever seen someone at the drug store waiting for their prescription of Marlboros? Of course not. Why not? Because […]

It’s the Market, Stupid: Negative Economic Impacts of Raising the Minimum Wage

Before beginning to write this article, I was of the opinion that minimum wage should at least be adjusted for the cost of inflation, but I had put little additional thought into the matter. Raising the minimum wage is certainly a popular idea with Americans today. Indeed, Americans overwhelmingly support an increase in the minimum […]

Port Authority Transit is Riding Me

Somebody at Port Authority Transit must have a screw loose. Port Authority transit cutbacks are biggest in history The series of bus and trolley changes include eliminating: 124 of 213 weekday bus routes. 55 of 100 Saturday bus routes. 26 of 75 Sunday and holiday bus routes. Light-rail service would be trimmed by cutting hours […]