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home archives subscribe cafe hayek where orders emerge just asking by don boudreaux on september 4, 2018 in legal issues , regulation tweet here’s a letter to the wall street journal ; the point is not original, but it warrants repetition: editor: regarding your editorial “ the kavanaugh hazing ” (sept. 4): progressives who oppose the elevation of brett kavanaugh to the supreme court are deeply conflicted. as you note, they fear that a more conservative court would “require back-alley abortions, deny contraception to women, end gay marriage, [and] strip voting rights from minorities” – which means that they fear the results of unrestrained majoritarian democracy. after all, the only way the court could achieve any of these outcomes is to refuse to prevent majorities from outlawing abortion, from restricting women’s access to contraception, from refusing to recognize gay marriage, and from stripping minorities of voting rights. yet oddly, among all of today’s ideological groups, the one that clamors most loudly and stubbornly for far greater reliance on majoritarian democracy is that of progressives. progressives trust unrestrained majorities with the power to redistribute income, to mandate paid leave and otherwise to regulate private enterprise in ever-greater detail, and to run k-12 schooling better than profit-seeking businesses and private non-profits would do. why should the same voters who are so parochial and ignorant that they can’t be trusted with the power to collectively govern abortion, school prayer, marriage policy, and other non-economic matters be trusted with even more power than they already possess to collectively govern the distribution of income, the manner in which people trade, the wages that employers pay, and other economic matters? sincerely, donald j. boudreaux professor of economics and martha and nelson getchell chair for the study of free market capitalism at the mercatus center george mason university fairfax, va 22030 add a comment share trump’s dangerous detachment from reality by don boudreaux on september 4, 2018 in myths and fallacies , trade tweet in this short econlog post on some recent trump tweets about nafta, pierre lemieux exposes many of the ways in which trump is totally detached from reality . it is, frankly, frightening that a person possessing such power, and such a large public following, is so clueless about reality, so uninformed about economics, so blatant in his willingness to behave as if he’s a dictator, and so unintelligent as to be unaware of his own logical contradictions. a certified madman divining ‘facts’ about trade from his reading of the entrails of a hamster would make no less sense than does the current president of the united states of america. add a comment share bonus quotation of the day… by don boudreaux on september 4, 2018 in myths and fallacies , trade tweet … is from page 99 of g.l.s. shackle ‘s 1973 volume, an economic querist : why is there exchange of goods amongst different parts of the world? it happens for the same reason as exchange amongst individuals and firms: a person, or a nation, which desires good b can get more of it, for the same trouble, by making good a and exchanging it for good b , than by making good b. dbx : typical protectionists see the cost-savings to which shackle here points as a bug rather than as a feature of international trade. the reason is that protectionists mistake costs for benefits. marveling at the high prices that people are willing to pay in order to acquire units of goods and services that are unusually scarce, protectionists leap to the wholly mistaken conclusion that scarcity, therefore, is the source of prosperity, and that the greater is scarcity, the more prosperous the society. add a comment share get real about the motivation for minimum wages by don boudreaux on september 4, 2018 in crony capitalism , myths and fallacies , seen and unseen , trade , work tweet reading pierre lemieux’s econlog blog post “ trade and force ” offers a further reason for dismissing the now-common assertion that government-imposed minimum wages are justified as a means of correcting the ill-consequences of monopsony power in labor markets. specifically, in this post pierre mentions the a.f.l.-c.i.o.’s insistence that any new nafta deal contain a minimum-wage requirement for mexican workers who produce goods for export to the united states. no one old enough to crawl out of a crib believes that this labor union has the best interest of mexican workers at heart in calling for this minimum-wage requirement. clearly, this minimum-wage requirement is a devious means of protecting american firms and workers from the competition of mexican producers who, compared to their american competitors, produce their outputs using a large amount of low-wage workers relative to capital. the anti-competitive motivation for this minimum-wage requirement is identical to the anti-competitive motivation that fueled the 1938 legislation that remains today the source of the federal minimum wage in the u.s . the fact that in both cases the minimum wage artificially raises the pay of relatively highly paid workers by artificially reducing the job opportunities – and pay – of relatively lower-paid workers obviously doesn’t disturb the thin consciences of labor-union leaders or of those members of congress who support minimum-wage requirements. so i ask rhetorically: does anyone really believe that leaders of u.s. labor unions – and their congressional allies – call for this minimum-wage requirement in a renegotiated nafta because they suspect that mexican labor markets are filled with monopsony power? ( if you really believe that concerns about monopsony power in mexico are motivating these americans, i own and have in my possession the original mona lisa that i’ll sell to you at a splendiferously low price.) and if labor-union leaders and their congressional allies are willing to impose minimum-wage requirements in the clearly anti-competitive and anti-low-paid-worker way that they call for in the nafta case, why in the world would anyone think that these same people slough off their greed and cronyism and replace it with scientific concerns with monopsony power when the minimum-wage in discussion is one that applies only to workers in the united states? add a comment share some links by don boudreaux on september 4, 2018 in crime , immigration , inequality , monetary policy , myths and fallacies , seen and unseen , trade , work tweet my intrepid mercatus center colleague veronique de rugy eloquently explains why the tragic murder of mollie tibbitts ought not be evidence in the case for reduced immigration into the united states . a slice: most credible research shows that immigrants, especially undocumented immigrants, commit fewer crimes, including violent crimes, than do native-born americans. cato institute’s alex nowratesh compared crimes rates of immigrants to those of the native born in texas and found that in 2016, “the homicide conviction rate for native-born americans in texas was 3.2 per 100,000 natives while it was 1.8 per 100,000 illegal immigrants and 0.9 per 100,000 legal immigrants.” courtesy of george selgin, here’s fritz machlup writing in 1940 on the proper limits of bank credit expansion . mike munger argues persuasively that the ‘distribution’ of wealth that arises from market exchanges is always just . “ labor unions set workers at war with each other. ” tim worstall reveals what bernie sanders and tucker carlson get wrong about government-supplied welfare payments . mark perry reports on yet other american victims of trump’s tariffs . pierre lemieux laments the tyranny of the “national interest. ” a slice: take, again, the example of protectionism. not all individuals will prefer national cheeses, which implies that protectionist measures against foreign cheeses cannot be in the national interest. protectionism cannot be in the national interest because

URL analysis for cafehayek.com

https://cafehayek.com/2018/09/just-asking-2.html/print/
https://cafehayek.com/2018/09/protectionism-gang-violence.html/email/
https://cafehayek.com/2018/09/quotation-of-the-day-2543.html/email/
https://cafehayek.com/category/myths-and-fallacies
https://cafehayek.com/2018/09/some-links-1220.html/print/
https://cafehayek.com/2018/09/just-asking-2.html
https://cafehayek.com/category/balance-of-payments
https://cafehayek.com/category/inequality
http://twitter.com/share?url=https%3a%2f%2fcafehayek.com%2f2018%2f09%2fsome-links-1220.html&text=some
links
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https://cafehayek.com/2018/09/economic-exercises.html/print/
https://cafehayek.com/archives
https://cafehayek.com/2018/09/quotation-of-the-day-2544.html
https://cafehayek.com/2018/09/get-real-motivation-minimum-wages.html/email/
https://cafehayek.com/category/crime
https://cafehayek.com/2018/09/just-asking-2.html/email/

Whois Information

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Domain Name: CAFEHAYEK.COM
Registry Domain ID: 118791278_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.fastdomain.com
Registrar URL: http://www.fastdomain.com
Updated Date: 2018-04-30T13:03:39Z
Creation Date: 2004-04-30T13:03:32Z
Registry Expiry Date: 2019-04-30T13:03:32Z
Registrar: FastDomain, Inc.
Registrar IANA ID: 1154
Registrar Abuse Contact Email:
Registrar Abuse Contact Phone:
Domain Status: clientTransferProhibited https://icann.org/epp#clientTransferProhibited
Name Server: NS1.BLUEHOST.COM
Name Server: NS2.BLUEHOST.COM
DNSSEC: unsigned
URL of the ICANN Whois Inaccuracy Complaint Form: https://www.icann.org/wicf/
>>> Last update of whois database: 2018-10-07T17:47:17Z <<<

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  REGISTRAR FastDomain, Inc.

SERVERS

  SERVER com.whois-servers.net

  ARGS domain =cafehayek.com

  PORT 43

  TYPE domain

DOMAIN

  NAME cafehayek.com

  CHANGED 2018-04-30

  CREATED 2004-04-30

STATUS
clientTransferProhibited https://icann.org/epp#clientTransferProhibited

NSERVER

  NS1.BLUEHOST.COM 162.159.24.80

  NS2.BLUEHOST.COM 162.159.25.175

  REGISTERED yes

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