Allen Gindler writes for the Mises Institute.
In this article, I would like to dwell on the topic of the minimum wage and address specifically the audience that believes in the minimum wage mandate. I know well that the vast majority of Independent Institute readers do not fall for that widespread fallacy. However, as someone who once earned less than the mandated...
In the tradition of classical liberalism, success — whether in business or in governance — should ultimately be judged by how well it serves the individual, not by how efficiently it props up institutions or satisfies bureaucratic metrics. A small but telling episode from my own life illustrates how far we’ve drifted from that principle....
Imagine two businesses across the street from each other: a hardware store and a café. Once a year, the café buys a set of pans from the hardware store to keep its kitchen running. Meanwhile, every day, the hardware store’s employees and the managerial staff pop over to the café for lunch—sandwiches, coffee, maybe a...