About the current trend for political localities in the United States to raise their legislated minimum wages, Tyler Cowen correctly observes:
This is a classic instance of expressive voting at the expense of good economic policy.
Speaking of expressive preferences – and of how these preferences often are indulged to make the ‘expessers’ feel good about themselves regardless of the consequences such indulging has on other people – Mike Munger has more.
David Henderson (like Bob Murphy) will not join the Pigou Club.
The John Locke Institute’s Katherine Restrepo has more on the many ill-consequences of Obamacare.
Bjorn Lomborg, writing a few weeks ago in the Wall Street Journal, debunks some myths about subsidies for fossil fuels. (Subscription required.)
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