Tag: Law

1441: Thomas Sowell – The Major Flaw in Politics

W1441: Thomas Sowell - The Major Flaw in Politics
One of the big differences between economics and politics is that politicians are not forced to pay attention to future consequences that lie beyond the next election. An elected official whose policies keep the public happy up through election day stands a good chance of being voted another term in office, even if those policies will have ruinous consequences in later years. There is no “present value” to make political decision-makers today take future consequences into account, when those consequences will come after election day. —Thomas Sowell
One of the big differences between economics and politics is that politicians are not forced to pay attention to future consequences that lie beyond the next election. An elected official whose policies keep the public happy up through election day stands a good chance of being voted another term in office, even if those policies will have ruinous consequences in later years. There is no “present value” to make political decision-makers today take future consequences into account, when those consequences will come after election day. —Thomas SowellDownload Print Quality (7680×4020) 202KB  |  Normal Quality (3840×2010) 111KB
One of the big differences between economics and politics is that politicians are not forced to pay attention to future consequences that lie beyond the next election. An elected official whose policies keep the public happy up through election day stands a good chance of being voted another term in office, even if those policies will have ruinous consequences in later years. There is no “present value” to make political decision-makers today take future consequences into account, when those consequences will come after election day. —Thomas SowellDownload Print Quality (6146×7680) 269KB  |  Normal Quality (3073×3840) 149KB

One of the big differences between economics and politics is that politicians are not forced to pay attention to future consequences that lie beyond the next election. An elected official whose policies keep the public happy up through election day stands a good chance of being voted another term in office, even if those policies will have ruinous consequences in later years. There is no “present value” to make political decision-makers today take future consequences into account, when those consequences will come after election day. —Thomas Sowell

1439: Derek Wills – The Prohibition of Narcotics

W1439: Derek Wills – The Prohibition of Narcotics
The prohibition and control of narcotics have only led to even more detrimental consequences than before the state's involvement. —Derek Wills
The prohibition and control of narcotics have only led to even more detrimental consequences than before the state's involvement. —Derek WillsDownload Print Quality (3840×2010) 2.03MB  |  Normal Quality (1920×1005) 195KB
The prohibition and control of narcotics have only led to even more detrimental consequences than before the state's involvement. —Derek WillsDownload Print Quality (3840×2744) 2.75MB  |  Normal Quality (1920×1372) 251KB

The prohibition and control of narcotics have only led to even more detrimental consequences than before the state’s involvement. —Derek Wills

1413: Frederic Bastiat – The Law Defends Plunder

W1413: Frederic Bastiat - The Law Defends Plunder
Sometimes the law defends plunder and participates in it. Sometimes the law places the whole apparatus of judges, police, prisons, and gendarmes at the service of the plunderers, and treats the victim — when he defends himself — as a criminal. —Frederic Bastiat
Sometimes the law defends plunder and participates in it. Sometimes the law places the whole apparatus of judges, police, prisons, and gendarmes at the service of the plunderers, and treats the victim — when he defends himself — as a criminal. —Frederic BastiatDownload Print Quality (3840×2010) 2.36MB  |  Normal Quality (1920×1005) 259KB
Sometimes the law defends plunder and participates in it. Sometimes the law places the whole apparatus of judges, police, prisons, and gendarmes at the service of the plunderers, and treats the victim — when he defends himself — as a criminal. —Frederic BastiatDownload Print Quality (3840×2744) 3.30MB  |  Normal Quality (1920×1372) 311KB

Sometimes the law defends plunder and participates in it. Sometimes the law places the whole apparatus of judges, police, prisons, and gendarmes at the service of the plunderers, and treats the victim — when he defends himself — as a criminal. —Frederic Bastiat

1412: Spike Cohen – Like Fish in a Barrel

W1412: Spike Cohen – Like Fish in a Barrel
Government will mandate that your children be left vulnerable like fish in a barrel in their school; hold you down outside while they are murdered, and then blame you for owning a rifle. —Spike Cohen
Government will mandate that your children be left vulnerable like fish in a barrel in their school; hold you down outside while they are murdered, and then blame you for owning a rifle. —Spike CohenDownload Print Quality (3840×2010) 7.09MB  |  Normal Quality (1920×1005) 218KB
Government will mandate that your children be left vulnerable like fish in a barrel in their school; hold you down outside while they are murdered, and then blame you for owning a rifle. —Spike CohenDownload Print Quality (3840×2744) 9.36MB  |  Normal Quality (1920×1372) 273KB

Government will mandate that your children be left vulnerable like fish in a barrel in their school; hold you down outside while they are murdered, and then blame you for owning a rifle. —Spike Cohen

1403: Julie Borowski – Repeal Victimless Crime Laws

W1403: Julie Borowski - Repeal Victimless Crime Laws
I think all those laws against victimless crimes where people are only hurting themselves should be repealed and dealt with in a manner that would actually help people, as opposed to throwing them in jail and taking them away from their families. —Julie Borowski
I think all those laws against victimless crimes where people are only hurting themselves should be repealed and dealt with in a manner that would actually help people, as opposed to throwing them in jail and taking them away from their families. —Julie BorowskiDownload Print Quality (3840×2010) 6.55MB  |  Normal Quality (1920×1005) 287KB
I think all those laws against victimless crimes where people are only hurting themselves should be repealed and dealt with in a manner that would actually help people, as opposed to throwing them in jail and taking them away from their families. —Julie BorowskiDownload Print Quality (3840×2744) 9.39MB  |  Normal Quality (1920×1372) 394KB

I think all those laws against victimless crimes where people are only hurting themselves should be repealed and dealt with in a manner that would actually help people, as opposed to throwing them in jail and taking them away from their families. —Julie Borowski

1401: Maj Toure – All Gun Control is Racist

W1401: Maj Toure - All Gun Control is Racist
Gun control in America was initially created to stop melanated beings from having firearms. Whether they make it look like you have to pay a fee, or you have to do this, or you have to do that—all gun control is racist. —Maj Toure, Founder, Black Guns Matter
Gun control in America was initially created to stop melanated beings from having firearms. Whether they make it look like you have to pay a fee, or you have to do this, or you have to do that—all gun control is racist. —Maj Toure, Founder, Black Guns MatterDownload Print Quality (3840×2010) 1.73MB  |  Normal Quality (1920×1005) 177KB
Gun control in America was initially created to stop melanated beings from having firearms. Whether they make it look like you have to pay a fee, or you have to do this, or you have to do that—all gun control is racist. —Maj Toure, Founder, Black Guns MatterDownload Print Quality (3840×2744) 2.33MB  |  Normal Quality (1920×1372) 219KB

Gun control in America was initially created to stop melanated beings from having firearms. Whether they make it look like you have to pay a fee, or you have to do this, or you have to do that—all gun control is racist. —Maj Toure, Founder, Black Guns Matter

1376: Thomas Sowell – Rent Control Laws

W1376: Thomas Sowell – Rent Control Laws
In Australia, not a single apartment building was built in Melbourne for years after World War II because of rent control laws. In a number of Massachusetts communities, no rental housing was built for a quarter of a century, until the state banned local rent control laws, after which building resumed. The lower rate of return on investments in new buildings causes fewer of them to be built. —Thomas Sowell
In Australia, not a single apartment building was built in Melbourne for years after World War II because of rent control laws. In a number of Massachusetts communities, no rental housing was built for a quarter of a century, until the state banned local rent control laws, after which building resumed. The lower rate of return on investments in new buildings causes fewer of them to be built. —Thomas SowellDownload Print Quality (7680×4020) 209KB  |  Normal Quality (3840×2010) 109KB
In Australia, not a single apartment building was built in Melbourne for years after World War II because of rent control laws. In a number of Massachusetts communities, no rental housing was built for a quarter of a century, until the state banned local rent control laws, after which building resumed. The lower rate of return on investments in new buildings causes fewer of them to be built. —Thomas SowellDownload Print Quality (7680×7680) 296KB  |  Normal Quality (3840×3840) 146KB

In Australia, not a single apartment building was built in Melbourne for years after World War II because of rent control laws. In a number of Massachusetts communities, no rental housing was built for a quarter of a century, until the state banned local rent control laws, after which building resumed. The lower rate of return on investments in new buildings causes fewer of them to be built. —Thomas Sowell

1374: Walter Block – Youth Unemployment & Minimum Wage

W1374: Walter Block - Youth Unemployment & Minimum Wage
In 1948, white teenage unemployment in the U.S. was 10.2%, while black teenage unemployment was only 9.4%. This was when the effective minimum wage rate was much lower. Today, in a much less discriminatory epoch, but where teenagers are “protected” by a more stringent minimum wage law, white youth unemployment is 13.9%, while black youth unemployment is an astounding and shameful 33.5%. —Walter Block, The Case for Discrimination, 2010
In 1948, white teenage unemployment in the U.S. was 10.2%, while black teenage unemployment was only 9.4%. This was when the effective minimum wage rate was much lower. Today, in a much less discriminatory epoch, but where teenagers are “protected” by a more stringent minimum wage law, white youth unemployment is 13.9%, while black youth unemployment is an astounding and shameful 33.5%. —Walter Block, The Case for Discrimination, 2010Download Print Quality (7680×4020) 228KB  |  Normal Quality (3840×2010) 114KB
In 1948, white teenage unemployment in the U.S. was 10.2%, while black teenage unemployment was only 9.4%. This was when the effective minimum wage rate was much lower. Today, in a much less discriminatory epoch, but where teenagers are “protected” by a more stringent minimum wage law, white youth unemployment is 13.9%, while black youth unemployment is an astounding and shameful 33.5%. —Walter Block, The Case for Discrimination, 2010Download Print Quality (7680×7680) 315KB  |  Normal Quality (3840×3840) 148KB

In 1948, white teenage unemployment in the U.S. was 10.2%, while black teenage unemployment was only 9.4%. This was when the effective minimum wage rate was much lower. Today, in a much less discriminatory epoch, but where teenagers are “protected” by a more stringent minimum wage law, white youth unemployment is 13.9%, while black youth unemployment is an astounding and shameful 33.5%. —Walter Block, The Case for Discrimination, 2010

1368: William Warded – Excessive Regulations in Drug Development

W1368: William Warded - Excessive Regulations in Drug Development
If even one new drug of the stature of penicillin or digitalis has been unjustifiably banished to a company's backshelf because of excessively stringent regulatory requirements, that event will have harmed more people than all the toxicity that has occurred in the history of modern drug development combined. —William Warded
Drug development, Drugs, FDA, Government, Health, History, Innovation, Law, RegulationsDownload Print Quality (7680×4020) 190KB  |  Normal Quality (3840×2010) 99KB
If even one new drug of the stature of penicillin or digitalis has been unjustifiably banished to a company's backshelf because of excessively stringent regulatory requirements, that event will have harmed more people than all the toxicity that has occurred in the history of modern drug development combined. —William WardedDownload Print Quality (7680×7680) 264KB  |  Normal Quality (3840×3840) 127KB

If even one new drug of the stature of penicillin or digitalis has been unjustifiably banished to a company’s backshelf because of excessively stringent regulatory requirements, that event will have harmed more people than all the toxicity that has occurred in the history of modern drug development combined. —William Warded

1367: Antony Davies – Laws That Harm the Disabled

F1367: Antony Davies – Laws That Harm the Disabled
In 1990, the U.S. government enacted the Americans with Disabilities Act. This law attempted to protect the disabled in the labor market by prohibiting discriminatory behavior on the basis of disability. A law specifically designed to ensure that the disabled got a fair shake in the labor market instead resulted in decreased employment rates for the disabled.

In 1990, the U.S. government enacted the Americans with Disabilities Act. This law attempted to protect the disabled in the labor market by prohibiting discriminatory behavior on the basis of disability. A law specifically designed to ensure that the disabled got a fair shake in the labor market instead resulted in decreased employment rates for the disabled.

Why? There are a couple of reasons. First, the law made it expensive for businesses to hire the disabled. Regulators have deemed, among other things, that employers will need to modify an employee’s physical environment, offer the employee additional training, give him extra time to complete tasks, and even hire interpreters. All these things increase the cost of doing business.

Second, the law made it difficult to terminate disabled workers, even when warranted. But how is a business to prove that it terminated a disabled worker because of something other than the worker’s disability? The answer that many businesses seem to have arrived at, although few will admit it, is not to hire the disabled in the first place.

It turns out to be easier for an employer to prove that it did not hire a disabled worker for a reason unrelated to the worker’s disability than to prove that it fired the worker for such a reason. Consequently, the Americans with Disabilities Act actually led to a decrease in employment rates for the disabled.

—Antony Davies, James R. Harrigan