Showing posts with label Government. Show all posts
Showing posts with label Government. Show all posts

Monday, February 11, 2008

The Trouble With Child Labor Laws

Productive work imparts glorious lessons in life. What lesson do we impart with child-labor laws? We establish early on who is in charge: not individuals, not parents, but the state. We tell the youth that they are better off being mall rats than fruitful workers. We tell them that they have nothing to offer society until they are 18 or so.

We convey the impression that work is a form of exploitation from which they must be protected. We drive a huge social wedge between parents and children and lead kids to believe that they have nothing to learn from their parents' experience. We rob them of what might otherwise be the most valuable early experiences of their young adulthood.

In the end, the most compelling case for getting rid of child-labor laws comes down to one central issue: the freedom to make a choice.


Thursday, January 31, 2008

Wednesday, January 30, 2008

Government Regulation vs Free Markets

Economic Outlook: More Darkening Clouds
by Dom Armentano


Every American, from the top Fortune 500 CEO to the youthful fast-food hamburger flipper, owes his standard of living – the highest in the world – to free market capitalism. It's capitalism – private property and free markets – that provides the information and the incentive that allows each of us to maximize the value of our economic activity. Yet to hear the (mostly) Democratic presidential candidates tell it, free markets are faulty, unfair, and inherently unstable; indeed, government should constantly regulate markets and ride to the rescue whenever recession threatens.

The overall economic ignorance displayed in this year's political campaign has been staggering. Instead of calling for balanced budgets, sound money, permanent tax reductions, and less regulation, most of the candidates have called for more inflation and more government intervention.

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