Alloys

$> Minimum Wage helps the poor, less skilled, and less fortunate people, right?  If you read the Austrians, you don’t need empirical evidence to conclude that that’s not true.  Here’s Henry Hazlitt in ‘Economics in One Lesson:’

The first thing that happens, for example, when a law is passed that no one shall be paid less than $30 for a forty-hour week is that no one who is not worth $30 a week to an employer will be employed at all.  You cannot make a man worth a given amount by making it illegal for anyone to offer him anything less.  You merely deprive him of the right to earn the amount that his abilities and situation would permit him to earn, while you deprive the community even of the moderate services that he is capable of rendering.  In brief, for a low wage you substitute unemployment.  You do harm all around, with no comparable compensation.

So, stories like Jeffrey Tucker’s should come as no surprise.

$> I dug this one up from the 2012 presidential primaries.  Looks like someone made a pro-Ron Paul / anti-everyone else video set to the tune of a song about having flexible values.  (The lyrics are in the description and match up pretty well with the video.)

$> Here are some videos to get you thinking about statelessness and non-aggression.

$> Tom Woods gives a speech on how socialist / centrally-planned economies have trouble maintaining themselves without the signals (like prices) that naturally exist in a free market (i.e. the economic calculation problem).

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