The Nigerian government has passed a new minimum wage law, and the usual suspects are happy because the country “is getting a raise.” Economic reality, however, will set in soon enough as people find that government edicts do not create wealth.
You May Also Like
Editor's Pick
Jeffrey A. Singer On August 29, at a town hall in La Crosse, Wisconsin, Republican presidential candidate Donald Trump told the audience, “I’m announcing...
Editor's Pick
Travis Fisher and Josh Loucks Just north of Boston in Everett, Massachusetts sits the poster child for irrational energy permitting in the United States....
Editor's Pick
Ryan Bourne Note: This is an excerpt from my book The War on Prices. High inflation and supply shocks in certain sectors since 2021...
Editor's Pick
In this video from StockCharts TV, Julius addresses the expected sector rotation for the upcoming month of September which is traditionally the weakest month...