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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
Mentions & Resources:
- “The Case against the minimum wage”
- Ayn Rand
- James Buchanan
- Walter Williams
- Yaron Brook on Trend Following Radio
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