“With industrial capacity destroyed in Europe—except for Scandinavia—and in Japan and crippled in the United Kingdom, the United States produced approximately 60 percent of the world output of manufactures in 1950, and its GNP was 61 percent of the total… — Don Watkins Copy Share Image
“hat are the effects of increasing minimum wages?” asks Paul Krugman. “Any Econ 101 student can tell you the answer: The higher wage reduces… — Don Watkins Copy Share Image
“All of these agencies were enormously active during the so-called laissez-faire era. As the former CEO of BB&T Bank John Allison notes, “Government spending… — Don Watkins Copy Share Image
“There is an inequality problem involved in cronyism, however: cronyism is an example of political inequality. It allows a privileged group of people to… — Don Watkins Copy Share Image
“The true source of economic security is self-reliance and economic freedom—Social Security is immoral because it subverts both. It sabotages the virtues that enable… — Don Watkins Copy Share Image
“One result of the federal government’s student financial aid programs is higher tuition costs at our nation’s colleges and universities.” Although paradoxical, this result… — Don Watkins Copy Share Image
“A college student who wouldn’t have taken a McDonald’s job for $7.25 an hour may find it worthwhile at $10 an hour, leaving fewer… — Don Watkins Copy Share Image
“That’s what happened at Ford, for example. In 1914, Henry Ford famously raised his starting wage to $5 a day (nearly $120 in today’s… — Don Watkins Copy Share Image
“Some economic inequality critics go further and contend that there comes a point at which inequality undermines progress—and, by and large, they believe the… — Don Watkins Copy Share Image
“Today, more and more of the world is following our lead, with the result that billions around the globe have been liberated from poverty… — Don Watkins Copy Share Image
“Wealth is not distributed by society: it is produced and traded by the people who create it. To distribute it, society would first have… — Don Watkins Copy Share Image
“When inequality alarmists like Krugman hold up the post-war era as a model, they are not doing so in the name of prosperity, or… — Don Watkins Copy Share Image
“We’re taught to think of the minimum wage as a mechanism for helping people earn more. What it actually does is prevent people from… — Don Watkins Copy Share Image
