Archive for June 2010

How Minimum Wage Laws Kill Jobs for The Poor Unskilled

The real beneficiaries of minimum wage laws are high-paid union workers who have contracts that are tied to increases in the minimum wage. When the minimum wage is raised by 25 cents a union worker’s contract might call for an increase of several times that amount. Tying union contracts to minimum wage laws has always…

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Is Higher Education A Bubble That is About To Burst?

A lawyer called a plumber to fix a broken water pipe. The lawyer asked the plumber what his hourly rate was, and the plumber replied that it was $250 an hour. Astounded, the lawyer replied, “Good grief, I’m a lawyer and I can’t charge that much!” The plumber replied, “Yeah I know. When I was…

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NC Congressman Ethridge Assaults A Citizen For Asking a Question

If there is anyone left who has not seen this video which is flying across the internet, I have posted the video of North Carolina Congressman Bob Etheridge assaulting a student on a street in Washington D.C. for asking him whether he supports the Obama agenda. Ehtheridge displays the sort of thin-skinned reaction to a…

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The Hazards of Making Statements While Being Arrested

Guido and his girlfriend had a loud argument at her apartment building. Harvey, a carpenter working in the building, intervened and asked them to stop. Guido and Harvey had a brief but heated dispute. The apartment manager persuaded Guido to leave without further incident. The next day, Harvey resumed his work at the apartment complex.…

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It’s Not The Sex Part That’s Interesting Here

Hot times in Batavia, New York. It’s not the sex but the denial of sex that’s get my attention. In a dog bite case I’ve heard the defendant make an argument something like this: I don’t own a dog. My dog doesn’t have any teeth. My dog was out of town that day. My dog…

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Helen Thomas Is Gone — But We Still Have Rosie The Nutter

I would not have minded if the ignorant and bigoted Helen Thomas stayed in the White House Press Corp until she was 180 because I agreed with William Jacobson that Helen Thomas’ greatest accomplishment as a journalist was to have exposed the true, ugly face of Israel’s critics. Well, Helen is apparently going to be…

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Hayek’s Road To Serfdom Still Number One in Amazon Sales Rank

F.A. Hayek’s Road to Serfdom, first published in April, 1945, is still # 1 in sales at Amazon. The book recounts how wartime planning that enables a country to successfully defend itself against an enemy can lure a people into believing that what worked during wartime should be able to produce spectacular results in peace…

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Alien In The White House

Dorothy Rabinowitz in today’s Wall Street Journal: A great part of America now understands that this president’s sense of identification lies elsewhere, and is in profound ways unlike theirs. He is hard put to sound convincingly like the leader of the nation, because he is, at heart and by instinct, the voice mainly of his…

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The Left Flunks Econ 101

Dan Klein in today’s Wall Street Journal: Are You smarter Than a Fifth Grader? Self-identified liberals and Democrats do badly on questions of basic economics. Among the unenlightened economic notions embraced by lefties: Restrictions on housing development do not make housing less affordable. Mandatory licensing of professional services do not increase the prices of those…

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