Logical Anarchy Today

How does minimum wage hurt people and the economy in general? Should we just use minimum wage laws in order to force automation to occur now since it will happen in the future anyways? Today's episode attempts to show how completely these ideas are. Any kind intervention, even utilitarian ones, fail miserably.Economics in One Lesson by Henry HazlittFoxconn replaces 60,000 humans with robots in ChinaTom Woods Liberty ClassroomInterested in Bitcoin as an alternative to US Dollars? Use our Coinbase link!If you sign up with our coinbase link and purchase $100 in bitcoin, you will recieve an extra $10 from coinbase.The "Shift" Bitcoin debit card is through coinbase as well.Support the show by entering Amazon through our link HERE!Support the show with Bitcoin HERE!Use this address to add the Logical Anarchy Today show to your podcatcher or subscribe on iTunes!http://shoutengine.com/LogicalAnarchyToday.xml