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Ep. 422: The Pay People Deserve with Michael Covel on Trend Following Radio

The Pay People Deserve with Michael Covel on Trend Following Radio
The Pay People Deserve with Michael Covel on Trend Following Radio

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Please enjoy my monologue The Pay People Deserve with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

In this episode of Trend Following Radio:

  • Unemployment
  • Minimum Wage
  • Ayn Rand
  • American economics
  • The seen and unseen consequences of a law
  • Libertarianism

“Given that minimum wages hurt the very people they are supposed to help, by restricting workers’ freedom, reducing their choices, and increasing unemployment, One must wonder why, despite decades of consensus among economists, politicians and pundits continue supporting these destructive regulations. They often do so because they want ‘send the right message’ about the ‘kind of society’ we want to live in. While this appears well-intentioned, the principle underlying such arguments is actually quite perverse: that it is better for us to feel good than to actually do good.” – Daniel Bier

“Prices are not levels that set value, they are metrics that reflect value.” – Anthony Davies

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Ep. 244: Walter Williams Interview with Michael Covel on Trend Following Radio

Walter Williams
Walter Williams

My guest today is Walter Williams, an American economist, commentator, and academic. He is the John M. Olin Distinguished Professor of Economics at George Mason University, as well as a syndicated columnist and author known for his libertarian views.

The topics are liberty and economics.

In this episode of Trend Following Radio we discuss:

  • Why Williams calls himself a radical
  • The morality of markets
  • The welfare state and bailouts
  • How Williams didn’t “think poor” growing up
  • The nefarious aspect of minimum wage
  • How Williams stayed positive and avoided bitterness despite opposition
  • Malcolm X. and Martin Luther King, Jr.
  • Why there’s no poverty in the United States
  • How Williams felt about the Fall of 2008 and the bailouts that took place
  • How we got to the point where people want to trust the state so much
  • How Williams has developed a thick skin to deal with the criticism of his radical nature

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“How does something immoral, when done privately, become moral when it is done collectively? Furthermore, does legality establish morality? Slavery was legal; apartheid is legal; Stalinist, Nazi, and Maoist purges were legal. Clearly, the fact of legality does not justify these crimes. Legality, alone, cannot be the talisman of moral people.”