“hat are the effects of increasing minimum wages?” asks Paul Krugman. “Any Econ 101 student can tell you the answer: The higher… — 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,… — Don Watkins Government spending 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… — Don Watkins Politics 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… — Don Watkins Economic freedom 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,… — Don Watkins Federal government 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,… — Don Watkins College student 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… — Don Watkins Henry Ford 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… — Don Watkins Economic inequality 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… — Don Watkins Economic inequality 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… — Don Watkins Wealth 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… — Don Watkins Wealth 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… — Don Watkins Helping people Copy Share Image
“Consequently, even many critics of economic inequality are hesitant to endorse the claim that inequality undermines growth. Paul Krugman, for instance, says… — Don Watkins Economic inequality Copy Share Image
“We must insist on putting production at the heart of economic analysis. The inequality alarmists take the existence of progress and prosperity… — Don Watkins Economics Copy Share Image
“One answer to that question comes from none other than leading inequality critic Robert Reich. In a 2007 Wall Street Journal column,… — Don Watkins Investing Copy Share Image
“As recently retired CEO Don Thompson pointed out, “Today at McDonald’s 60 percent of our franchisees—those that own restaurants in the U.S.—started… — Don Watkins Copy Share Image
“Most inequality critics today are economists, journalists, politicians, policy wonks, or political commentators. But most of their ideas are derived from egalitarian… — Don Watkins Politics Copy Share Image
“We need to start by asking one very simple question: where does wealth come from? The answer, as we’ve seen, is that… — Don Watkins Economic inequality Copy Share Image
“The high taxes and regulatory burdens they favor have the effect of protecting established businesses. To accumulate a fortune requires earning a… — Don Watkins Time Copy Share Image
“With industrial capacity destroyed in Europe—except for Scandinavia—and in Japan and crippled in the United Kingdom, the United States produced approximately 60… — Don Watkins United kingdom Copy Share Image
“Low-skilled workers tend to bid down wages for low-skilled work, which sounds bad until you remember that this lowers the cost of… — Don Watkins Starting new Copy Share Image
“Krugman himself acknowledges, “[T]he growth of the U.S. economy during the Long Gilded Age benefited all classes: Most Americans were much better… — Don Watkins Gilded age Copy Share Image
“The fact is that life is not a race: success in life isn’t determined by how well you do compared to other… — Don Watkins Books Copy Share Image
“As beings possessing reason, men “are all equal, and equals can have no right over each other,” wrote seventeenth-century English politician Algernon… — Don Watkins Buddhism Copy Share Image
“Our life is our responsibility, and if we want something from other people, justice requires that we earn it through voluntary exchange.… — Don Watkins Justice Copy Share Image
