Two weeks ago I received my 2nd dose of Pfizer’s Covid-19 vaccine. When you think about this, it is simply amazing–who could have imagined we’d be able to have multiple vaccines available and widely being implemented in under a year? Certainly some thought it would take years (if ever) to get to this point. We […]
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Why Progressives Support the minimum wage?
19 Mar 2021
A democratic friend of mine asked me recently what educated progressive economists would point to in arguing for the minimum wage to be increased. I suggested to him that most are well aware that the minimum wage at some level is going to be harmful (which is why nobody is calling for a $100/hr min […]
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Shock! The Biden Administration plans to increase taxes later in 2021 as part of a larger legislative package. Many conservatives reflexively say this is going to slam the economy (and I don’t disagree, especially the way the Biden administration plans to go about it), but the point of this blog post is to argue that […]
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Or alternatively, who will rescue us from the American Rescue Plan Act? We are ever so close to the Democrats completing their $1.9T blowout to reinvigorate the economy. Undoubtedly the House will pass it quickly (likely today) and Mr. Biden will sign it. Key features include extending the child tax credit, direct payments to citizens, […]
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I’m in a New York state of mind
17 Feb 2021
I don’t think Billy Joel had today’s example of cognitive dissonance in mind when he wrote his song. Whatever he meant, reality is now in the eye of the beholder, and it’s sliding in the most ironic way possible. Today, New York Attorney General has filed a lawsuit against Amazon, since “Throughout the historic pandemic, […]
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Earlier this month in Cedarville University’s Chapel, Kevin Jones challenged CU students and faculty to take some time this month to read or watch a movie about a prominent African-American in their academic discipline to understand their contributions to the broader field. That challenge was a delight to me, and I quickly shared a video […]
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WSJ Absolutely Nails Trump Impeachment
09 Feb 2021
For lack of wood the fire goes out, and where there is no whisperer, quarreling ceases. Whatever your political persuasion, I think most of us could agree that Donald Trump’s biggest harm to our country was manipulating a subset of his supporters to believe that what was in his interest, was the country’s deepest political need. At the […]
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In the “take any good news you can” category, the $15/hr minimum wage proposal was dropped from Democrat’s $1.9T stimulus, but let’s not think it’s dead. Nor is the damage of its proposal not going to be felt, as employers are on notice they need to pursue more automation as labor cost increases will be […]
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Are Hamburger-flipping jobs worthy of praise?
04 Feb 2021
On my most recent post, one commenter took us a bit off the direct path with a comment about the need for 21st Century education. While I agree that education is important, and indeed, investment in human capital is the best thing we can do to help the poor, the minimum wage is an additional […]
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In my last post, one anonymous commenter challenged me on the data of minimum wage. Rather than burying what is an important response deep within a post, I will first copy the critique, and then provide a detailed response. Dr. Hammond, You paint a pretty alarming picture of the effects of a minimum wage increase […]
Bert Wheeler
Jeff Haymond
Marc Clauson
Mark Caleb Smith
Tom Mach