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Labor Unions Don’t Raise Wages (and Other Harsh Truths)

Published on April 12, 2026 By sirrahc

Some people love unions, some people hate them, and others just tolerate them as an unavoidable reality in their lives. Fortunately, I’ve never been pressured into joining a labor union nor had to deal with one from the management side. For a long time I just assumed that doing so was pretty much as we […]

Rent Control Hurts Everyone

Published on March 22, 2026 By sirrahc

“Rent control is not only increasingly futile, but increasingly destructive the more severe it is, and the longer it remains in effect.” — Henry Hazlitt, Economics in One Lesson As the new mayor of New York City, one of the several, ill-conceived campaign promises Zohran Mamdani will try to fulfill is rent-control “for all tenants […]

The Problem with the Broken Window

Published on March 1, 2026 By sirrahc

This is my second blogpost excerpting from Henry Hazlitt’s modern classic, Economics in One Lesson. The topic, which followed shortly after that which I cited last time, is one that should be familiar to anyone with at least a smattering of reading in, or a lecture on, basic economics, regardless of which school of thought […]

Economics in One Lesson

Published on February 8, 2026 By sirrahc

“Henry Hazlitt’s explanation of how a price system works is a true classic: timeless, correct, painlessly instructive.” — Milton Friedman, Nobel Laureate in Economic Sciences Economics in One Lesson is the title of a book by Henry Hazlitt, who some consider to be “arguably the greatest economic journalist of the 20th century.” Though largely self-taught, […]

The Problem with Price Controls

Published on November 24, 2024 By sirrahc

“Price-fixing always does harm and it is never a cure for inflation.” — Hazlitt & Wesbury In May 1972, the first issue of Imprimis featured an article (“The Dangers of Price Controls”) by Henry Hazlitt, the noted author/journalist on matters of business and economics. The Federal Reserve had been printing a lot of money to […]