Jeffrey A. Tucker served as Editorial Director for the American Institute for Economic Research from 2017 to 2021.
“Let’s say that instead of a $15 an hour minimum, Congress pushed a $15 maximum wage/salary. The rich would simply stop working, while everyone else would likely lose professional aspiration. This is not complicated to understand. So too with a wage floor: it cuts the poor out of the market just as the eugenicists said…
“Maybe widespread ownership and use of Bitcoin and other cryptos can make a cultural and economic contribution to converting us from profligate to thrifty in the way our great-great grandparents could celebrate. After all, it was they, and the gold standard under which they lived, that set us on the course to building a modern…
“That we will look back with astonishment at what has happened to the world is a near certainty. The folly! And people of the future will never stop asking that great question of why. The answer is finally unsatisfying. It was a massive screw up by people and groups who wanted to try something completely…