Prosperity by Diktat
20 June 2006
Editor, The Boston Globe
Dear Editor:
If your case for raising the minimum wage is sound ("Toward an $8.25 minimum," June 20), your policy conclusion is too modest. Why not have government dictate also the minimum prices of other things often sold by people of modest means, such as used cars and old lawn-mowers? Or baseball cards sold on eBay? After all, people so lacking in sense or ability that they need government to set the terms at which they sell their labor surely need this same benevolent intervention to set the terms of their other transactions.
Sincerely,
Donald J. Boudreaux
Chairman, Department of Economics
George Mason University
Editor, The Boston Globe
Dear Editor:
If your case for raising the minimum wage is sound ("Toward an $8.25 minimum," June 20), your policy conclusion is too modest. Why not have government dictate also the minimum prices of other things often sold by people of modest means, such as used cars and old lawn-mowers? Or baseball cards sold on eBay? After all, people so lacking in sense or ability that they need government to set the terms at which they sell their labor surely need this same benevolent intervention to set the terms of their other transactions.
Sincerely,
Donald J. Boudreaux
Chairman, Department of Economics
George Mason University
Posted by Don Boudreaux on
Sunday April 1, 2007 at 4:12pm