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“The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.”
― Is Reality Optional? And Other Essays
― Is Reality Optional? And Other Essays
“Since this is an era when many people are concerned about 'fairness' and 'social justice,' what is your 'fair share' of what someone else has worked for?”
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“Despite a voluminous and often fervent literature on "income distribution," the cold fact is that most income is not distributed: It is earned.”
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“Unfortunately, the real minimum wage is always zero, regardless of the laws, and that is the wage that many workers receive in the wake of the creation or escalation of a government-mandated minimum wage, because they lose their jobs or fail to find jobs when they enter the labor force. Making it illegal to pay less than a given amount does not make a worker’s productivity worth that amount—and, if it is not, that worker is unlikely to be employed.”
― Basic Economics: A Citizen's Guide to the Economy
― Basic Economics: A Citizen's Guide to the Economy
Cindy’s 2024 Year in Books
Take a look at Cindy’s Year in Books, including some fun facts about their reading.
0 books
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4 friends
1 book
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11 friends
552 books
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22 friends
251 books
|
59 friends
2 books
|
20 friends
0 books
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65 friends
0 books
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44 friends
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