Tuesday, June 10, 2014

Who is racist? A look at the "Southern Strategy"

I recently refuted one part of the popular civil rights myth that, following the 1960s, racist “conservative” Democrats realigned with the Republican Party. Another point perpetrating the myth is the so-called Republican “Southern Strategy.”

To be sure, there was indeed a Southern Strategy, but it differs from the popular myth. As is natural in the course of politics, Republicans desired a political strategy to capture Southern votes from Democrats. The popular myth, however, says that Republicans, beginning with Richard Nixon, abandoned their support for civil rights and deliberately appealed to Southern racists as a means to winning the South. This is proved, the argument goes, by observing both racial “code words” employed by Republicans and the fact that the GOP won the core of the South. But neither point is persuasive.

Who is racist? More myths and facts about the ‘party of white supremacy’

My last post demonstrated that, contrary to popular belief, Democrats, not Republicans, opposed virtually every civil rights advancement since the Civil War era. A related historical myth nearly as seldom examined is that, around the 1960s, liberal Democrats pushed racist “conservative” Democrats out of their party and over to the GOP, where racism has since taken its natural refuge.

Thursday, May 29, 2014

Who is racist? The answer implicit in this timeline might surprise you

Little is less examined in our time than the assumption that, historically — and especially during the civil rights era — racism is a Republican affliction, while equality is a Democrat virtue. In fact, history demonstrates the reverse.

Here are some facts.

Sunday, March 16, 2014

A Challenge to Minimum Wage Advocates

The only positive thing about minimum wage logic is that it is easily defeated. Common sense economics rejects it, but non-economic arguments cause it problems, too.

Here is a non-economic challenge to minimum wage proponents I have yet to hear convincingly answered (perhaps a commenter or my counterpart Tim can provide an explanation): If someone—say, John—wants to work for six dollars an hour at Company X, and Company X wants to hire John for that wage, why should that be illegal?

Monday, March 3, 2014

Why the Stimulus Failed, Part Two

I recently explained why government stimulus spending must fail. Tim contested my argument, but I will show why it stands.

The basic flaw with stimulus spending is that, in order to spend a dollar into the economy, government must remove a dollar from the economy, which renders spending a zero-sum transfer of resources.

Tim challenged these basics by asserting that not all money is contributing to economic activity, so utilizing “idle” dollars for government expenditure would avoid the zero-sum critique and raise national income. There are three reasons this is wrong.

Tuesday, February 18, 2014

Who Cares if People Work Less?

In a post Tim wrote partly as a reply to my piece on the Congressional Budget Office’s (CBO) recent revelation that Obamacare will drive Americans to work less, he asks why we should care.

While acknowledging that Obamacare will cause workers to “withdraw their labor,” Tim maintains that these workers “will also take home a proportionally smaller share of the economic pie because they will be earning less. So the question is, why do you care how much other people work?”


If people were freely making choices, conservatives would not object. After all, Milton Friedman taught that free people make the best choices for themselves given the incentives they face in the private marketplace.

Sunday, February 16, 2014

Minimum Wage: Minimum Idea

Tim recently argued that raising the minimum wage is sound economics. However, doing so would hurt many poor people.

The crux of his argument is that low-wage workers are not paid their proper value for their contribution—in economic jargon, their “marginal product”—and that therefore an increase in the minimum wage would render little, if any, job loss. He further bolsters his case by stating that studies since 2000 demonstrate “little to no employment response to modest increases in the minimum wage.” In fact, he reasons, “a higher minimum wage may even save some employers money in the long term because it reduces costs associated with higher turnover and vacancies by making minimum wage jobs more desirable.”

These points do not support the case for raising the minimum wage.