Not long ago the left was howling about raising the federal minimum wage.  America’s economic tailspin, thanks to our current administration’s “destroy-America-first” policies, has removed that demand from the political discussion. With the incumbent party throwing borrowed billions around to discourage people from working while stifling energy production to kill the economy, wages have exploded upward as employers desperately compete for scarce labor.

A federal minimum wage law was always a stupid idea.  Following that logic, we would have minimum prices for gas and milk.  Soon we would be out of gas and milk as producers could not operate profitably against inflation.

We were taught in ECON 101 that government intervention in free markets always results in economic disaster. I’ll bet the concept of “laissez-faire” is no longer found in high school and college textbooks, or if it is, it is lambasted.  Most articles I found on the web criticize laissez-faire as being mean to dumb and disabled people.  What isn’t mentioned is that laissez-faire works perfectly in a charitable Judeo-Christian society like ours once was.  As workers’ own needs are met and they gain wealth, they are almost always happy to share it with the truly needy, and private solutions are always more effective than government programs.  Remember the government’s “War on Poverty?”  We lost.

Our elected officials either don’t get it or don’t care and are only in government for careers, power and profit. The ideal congressman would have one question first and foremost about ANY new bill presented: would this law infringe upon individual economic freedom in any way?

Please teach your kids and grandkids about laissez-faire and free markets.  It is the only economic system that keeps prices perfectly right while improving products and quality of life.  I’m afraid under Bidenomics we will soon all be driving Yugos again.

Tom Balek – Rockin’ On the Right Side

As the snow flies

At a used car lot on the edge of town
A liberal guy and a liberal gal
Buy a Yugo
And they drive with pride

Cause if there’s one thing that this world needs
It’s environmental friends who’ll take the lead
In a Yugo

They say, “people don’t you understand
Those suburbans are ruining the land”
But they’ll wish they had a full size van one day
They point fingers at you and me
They say we’re too blind to see
But do we simply use our heads
And choose another way?

As those small wheels turn
Fifty miles to the gallon
And their knees on their chest
They’re gonna save enough gas
For all of the rest
In a Yugo

Then one day on the interstate
They suddenly lose control
They swerve to miss a baby duck
They’re squashed beneath a produce truck
But they drove with pride…

And as the crowds drive past a little flat car
You know they saved a lot of gas
But they didnt get far
In a Yugo

And as they’re trapped inside
At a used car lot on the other side of town
A liberal guy and a liberal gal
Buy a Yugo….

And they drive with pride…