Milton Friedman Explains the Minimum Wage
I thought this was a pretty good video explaining exactly how the minimum wage ruins everything:
The market is a wild animal. If you try to restrain it, you get bit.
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(11 votes, average: 5.00 out of 5)
February 19th, 2013 at 1:24 pm
Capitalist Propaganda?
February 19th, 2013 at 1:49 pm
@1 – Good call. I’ll add it.
February 19th, 2013 at 1:55 pm
I liked the part about the dual interests: “do-gooders” and “special interests.”
They used to be called “bleeding hearts” and “greedy bastards.”
February 19th, 2013 at 2:59 pm
So why do they keep passing these stupid laws? He tells us right at the end, when he makes it clear that the “real purpose” – and indisputable effect – of the minimum wage laws is to help the trade unions keep wages artificially high for their privileged members. Trade unions and Democrats – the Unholy Alliance.
February 19th, 2013 at 3:01 pm
He called them negros!!!11!!!!1!1!!1 All his arguments are racist and irrelevant! Just how many negros do you own Mr. Friedman?
February 19th, 2013 at 7:40 pm
Then: Ronald Reagan and Milton Friedman
Now: John Boehner and Sean Hannity
Uggh.