A Quote by James M. Buchanan

Rent control is one policy that economists universally would oppose. It is a grossly inefficient way of allocating housing space and, of course, it inhibits construction and creates the very thing it is supposed to alleviate. It is one of those things where people simply don't understand simple economics and, therefore, put in for political reasons what will damage the very people that it is designed to help. Minimum wage levels are another classic example.

James M. Buchanan

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Alleviate Another Classic Construction Control Course Creates Damage Designed Economics Economists Example Help Housing Inefficient Levels Minimum Minimum Wage Oppose People Policy Political Put Reasons Rent Rent Control Simple Simply Space Supposed Therefore Thing Things Those Understand Universally Very Wage Way Will Would

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James M. Buchanan
American - Economist
October 3, 1919 - January 9, 2013

Politically, sometimes you get situations where rent control will go through. It is especially true in an emergency, where there is a sudden, sharp increase in demand for housing or a cut back in supply. People will simply not allow the marketplace to allocate housing resources and so you get pressures for rent control. Once you have it, it is hard to eliminate.

James M. Buchanan

If I thought that raising the minimum wage was the best way to help people increase their pay, I would be all for it, but it isn't. If you raise the minimum wage, you're going to make people more expensive than a machine. And that means all this automation that's replacing jobs and people is only going to be accelerated.

Marco Rubio

The minimum wage is not something that you want to stay on as a permanent basis. For example, if you have a minimum wage job, you don't stay there 20 or 30 years. You don't put your children through college working on minimum wage.

John Raese

But can we please stop insisting that if low-wage workers earn a little bit more, unemployment will skyrocket and the economy will collapse? There is no evidence for it. The most insidious thing about trickle-down economics is not the claim that if the rich get richer, everyone is better off. It is the claim made by those who oppose any increase in the minimum wage that if the poor get richer, that will be bad for the economy. This is nonsense.

Nick Hanauer

People will say 'how can you have a plane when your workers are on minimum wage?' I said 'but I don't set the minimum wage.' If the minimum wage would be the living wage, then the Government who set the rules should set it at the living wage. That's how I look at it.

Mike Ashley

The tragic reality is that very few sustainable systems are designed or applied by those who hold power, and the reason for this is obvious and simple: to let people arrange their own food, energy and shelter is to lose economic and political control over them. We should cease to look to power structures, hierarchical systems, or governments to help us, and devise ways to help ourselves.

Bill Mollison

The most insidious thing about trickle-down economics is not the claim that if the rich get richer, everyone is better off. It is the claim made by those who oppose any increase in the minimum wage that if the poor get richer, that will be bad for the economy. This is nonsense.

Nick Hanauer

It would help the poor people who need jobs. Minimum wage is a mandate. We're against mandates so why should we have it? It would be very beneficial.

Ron Paul

I remain convinced that for Stalin to have complete centralized power in his hands, he found it necessary to physically destroy the second-largest Soviet republic, meaning the annihilation of the Ukrainian peasantry, Ukrainian intelligentsia, Ukrainian language, and history as understood by the people; to do away with Ukraine and things Ukrainian as such. The calculation was very simple, very primitive: no people, therefore, no separate country, and thus no problem. Such a policy is Genocide in the classic sense of the word.

James Mace

The people who support Mr. Curbelo's campaign are people who oppose Medicare and Social Security, want to reform it to take it away from our seniors, and oppose a minimum wage.

Joe Garcia

I'm not sure there's another way to help move more people out of poverty than to raise the minimum wage.

John Hickenlooper

You know, people like Hillary Clinton think you grow the economy by growing Washington. I think most of us in America understand that people, not the government creates jobs. And one of the best things we can do is get the government out of the way, put in reign in all the out of control regulations, put in place and all of the above energy policy, give people the education, the skills that the need to succeed, and lower the tax rate and reform the tax code.

Scott Walker

Raising minimum wage doesn't just benefit the workers behind me, it creates a proven ripple effect that increases wages all the way up the scale. ... Let's get the facts straight, only 20 percent of people making the minimum wage are teenagers. The rest are hardworking adults, many of them with families, and I mean hardworking.

Joe Biden

One cannot make command decisions simply by assessing the tactical situation and going ahead with whatever course of action will do the most harm to the enemy with a minimum of death and damage to your own men and materiel. Modern warfare has become very complex, especially during the last century. Wars are won not by a simple series of battles won, but by a complex interrelationship among military victory, economic pressures, logistic maneuvering, access to the enemy’s information, political postures—dozens, literally dozens of factors.

Joe Haldeman

Raising the minimum wage to $10.10 will benefit about 28 million workers across the country. And it will help businesses, too - raising the wage will put more money in people's pockets, which they will pump back into the economy by spending it on goods and services in their communities.

Tom Perez

The minimum wage law very cleverly is misnamed. The real minimum wage is zero. That is what many inexperienced and low skilled people receive as a result of legislation that makes it illegal to pay them what they are currently worth to an employer.

Thomas Sowell

A Quote by James M. Buchanan

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