Capping wage increases

Capping wage increases, which governments resort to in times of high monetary inflation, does not control inflation. Monetary inflation is caused by the rapid expansion of the amount of money in circulation. Preventing people from protecting themselves from the...

Minimum wages

The property which every man has in his own labor; as it is the original foundation of all other property, so it is the most sacred and inviolable … To hinder him from employing this strength and dexterity in what manner he thinks proper without injury to his neighbor...

Discrimination

Any attempts by the government to force businesses to employ those supposedly subject to discrimination is both patronizing and counterproductive—patronizing because it suggests that the group is incapable of obtaining a job on its own merits, or that their kind is so...

Employment targets

We believed that since jobs (in a free society) did not depend on government but upon satisfying customers, there was no point in setting targets for ‘full’ employment. Instead, government should create the right framework of sound money, low taxes, light regulation...

Unfair dismissal

To judge whether a workman is fit to be employed, may surely be trusted to the discretion of the employers whose interest it so much concerns. The affected anxiety of the law-giver lest they should employ an improper person, is evidently as impertinent as it is...

Price control

The balance between consumption and production makes price. The market settles, and alone can settle, that price. Market is the meeting and conference of the consumer and producer, when they mutually discover each other’s wants … They who wish the destruction of that...