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Archive for the tag “David Henderson”

Bad Government, Bad Inflation

While inflation spirals out of control in America, Sen. Elizabeth Warren is content to blame corporate greed. “This is about price gouging,” she says.

Nonsense! Prices change because of supply and demand and inflation results from too much money chasing too few goods. Economist David Henderson tells John Stossel that’s exactly what’s happening with our government. In the last few years, the Federal Reserve has printed more money than ever before and, once inflation starts, it’s hard to stop. Here’s Stossel’s report.

Minimum Wage Hike Kills Jobs

The New York Times, recognized around the planet as the bible of the progressive left, actually got it right back in 1987 when it editorialized that the perfect minimum wage was $0.00–zero! The Times opined that “the minimum wage is an idea whose time has passed.” Says David Henderson, editor of Concise Encyclopedia of Economics, “So economists and the liberal paper were on the same page. Why? Because they understood that a minimum wage does not guarantee jobs. It guarantees only that those who get jobs will be paid at least that minimum.” Henderson explains in this edition of Prager University that hiking the minimum wage might well lead to unintended consequences.

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