Posts Tagged ‘labor’

Who Decides?

Posted: September 8, 2015 in Economics
Tags: , , , , , , , ,

“Logically, there are only two possibilities.  Either wages are determined by a free give-and-take between those who offer their labor and those who want to buy it. Or someone sets wages according to his own standards.   The do-gooders want to use other people’s money to raise the wages of the least well paid, but they make no mention of their own.” -Bill Bonner

“The historical reality does not diminish the ease with which…fans of government spending can point to innovations like the internet and the inter-state highways and say ‘you didn’t build that’. We can only speculate on what might have been produced had the market been allowed to function. Likewise, we can still see the pyramids today and marvel at the innovation that went into their construction, but unfortunately, the wealth and labor stolen from ordinary Egyptians to build them has now been long forgotten.” –Peter Klein

“In simplest terms, economic freedom is the fundamental right of every human to control his or her own labor and property.” –Israel Ortega