ROBERT BARRO — QUOTE OF THE DAY

Labor unions like to portray collective bargaining as a basic civil liberty, akin to the freedoms of speech, press, assembly and religion. For a teachers union, collective bargaining means that suppliers of teacher services to all public school systems in a state—or even across states—can collude with regard to acceptable wages, benefits and working conditions. . . . → Read More: ROBERT BARRO — QUOTE OF THE DAY

WHAT DOES HAYEK HAVE TO TELL US ABOUT UNIONS AND RIGHT TO WORK LEGISLATION?

Timothy Carney offers an analysis.

AMERICA’S WEIMAR MOMENT

What is happening in Wisconsin, California, New Jersey, Illinois, et al — and in Washington, D.C. — should remind educated people of nothing less that the economic crisis of Weimar Germany, when governments captured by public sector workers and the apparatus of Bismarck’s redistributive state led to massive fiscal irresponsibility — and a choice between . . . → Read More: AMERICA’S WEIMAR MOMENT

Hayek on Keynes, Britain, wage rates & deflation during the British Depression of the 20s & 30s

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Random Quote

There exists no more justification for a theoretical discipline of sociology than there would be for a theoretical discipline of naturology. — F. A. Hayek

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