The Power to Regulate is the Power to Destroy

Student entrepreneurs at the University of Colorado have learned an important lesson: don’t bother. A state agency has levied fines against a student-run non-profit coffee shop that put it out of business. The power to regulate is the power to destroy. Continue Reading →

Marketplace Disses Trump

Mr. Ryssdal has made a fundamental error. He assumes the BLS gathers the data for the unemployment rate. That is not true. BLS outsources data collection to the Bureau of the Census. And, shortly after taking office in his first term, President Obama moved Census from it’s long-time home in the Department of Commerce to the Executive Office of the President. Which means the administration directly runs the critical data collection job for much of the government. Continue Reading →

Another San Jose Job Killer

There is indeed a “crisis of underemployment.” But Mr. Field does not understand the source of the crisis. Failing to diagnose it correctly, he offers a solution that will, in reality, make the problem worse. The negative effects of Mr. Field’s proposal include slower business growth, companies moving to neighboring towns, and, possibly, much higher costs. One benefit is likely to be a proliferation of new businesses (which, presumably, can hire all the part-time workers they want). Continue Reading →