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Blog

The Mayor of Baltimore Kills Job Killing Minimum Wage Hike

On Friday, March 24, Baltimore Mayor Catherine Pugh vetoed a new $15 minimum wage that would have been implemented by 2022. This makes passing the measure’s future in serious doubt since an override of the mayor’s veto requires 12 out of 15 city council members to vote against and already several who voted for the measure have decided not to support an override.

05/09/2017
Geithner Should Read Mises
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Blog

Geithner Should Read Mises

In his speech on the new bailout strategy yesterday, Treasury Secretary Geithner stressed the complexity of the current situation in our financial markets.  Later in his testimony before the Senate, he said he hadn’t heard any good ideas yet on how to value assets without market prices, which is a critical part of his plan to purchase bad assets from banks.  He’s right about how complex the market in securities is – or any large market in any good for that matter, but he fails to take the next logical step to conclude that price calculation without a market is impossible.

02/11/2009