Minimum Wage Laws

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By Henry Hazlitt (Excerpted from Economics in One Lesson, Chapter 19)   We have already seen some of the harmful results of arbitrary governmental efforts to raise the price of favored commodities. The same sort of harmful results follow efforts to raise wages through minimum wage laws. This ought not to be surprising, for a wage [...]

The Delusion of a Weaker Rand

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By Russell Lamberti International trade is one of the most misunderstood issues in economics. The common misguided narrative goes something like this: exports are good and imports are bad, therefore exports should be promoted by industrial policies, while imports should be curtailed as much as possible by industrial policies. This is the basic thinking behind [...]