Tag Archives: broken window

Bastiat applied to Copyright law

Subsidizes are bad, not only because they are immoral but also because it hurts the economy. Copyrights are a form of subsidy. Continue reading

Posted in Economics, Morality | Tagged , , | Leave a comment

Why did Ford double wages?

When competition is allowed, labor flows to its most effective use at its natural market price. When competition is not allows, such as the government mandating minimum prices, the results are unemployment and under production. Continue reading

Posted in Economics, History, Labor, prices, Standard of Living | Tagged , , | 1 Comment