✏️Inspiring, educating & connecting future leaders with the principles of a free society. | Est. 1946
Atlanta, GA
Joined January 2009
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Why is your health insurance tied to your job?
In the 1940s, the U.S. government capped cash wages. To compete for labor, companies started offering untaxed health coverage instead.
In 1954, Congress made it permanent, locking Americans into getting healthcare from their employers forever.
“Far from encouraging radical individualism, commercial civilization demonstrates that we are intrinsically social beings.”
- Samuel Gregg 👀
“Unfortunately, neither laudable intentions nor widespread support can alter one simple fact: although minimum wage laws can set wages, they cannot guarantee jobs.”
- Linda Gorman
“The fact that trade protection hurts the economy of the country that imposes it is one of the oldest but still most startling insights economics has to offer.”
- Jagdish Bhagwati
"A former employee of the AI firm Anthropic, Jacob Coxon, recently went viral for being a whistleblower about the future of artificial intelligence. “I believe that if we don’t slow down at the current rate of progress, there is a strong chance that we could all die in the immediate future,” he said. Coxon worries that AI developers are racing through self-improving superintelligence, resulting in technology that can hack anything, revolutionize any field overnight, and acquire real power and resources.
Both Sam Altman, CEO of OpenAI, and Elon Musk, CEO of xAI, have agreed with Coxon’s concerns, and called for both independent monitoring of AI development and government regulation."
- Ella Dawson
New technology can bring benefits to everyone. fee.org/articles/whos-afraid…
“As in the case of other price ceilings, rent control causes shortages, diminution in the quality of the product, and queues.”
- Walter Block ✍🏻
“The argument in favor of licensing always has been that it protects the public from incompetents, charlatans, and quacks. The main effect, however, is simply to restrict entry and reduce competition in the licensed occupation.”
- S. David Young
"Not only did Marx predict that capitalism would generate pauperisation; he also added that it generated persistent pressure to lengthen working hours and lower labour’s share of national income. Historical evidence runs strongly against these predictions." - @VincentGeloso
“Economists now see that the perfect competition model relies on assumptions, such as everyone having perfect information and zero transaction costs, that are inappropriate for analyzing real-world production and distribution problems.”
- Fred S. McChesney