Economic Growth

The free-market position has always been that minimum wage laws actually put people out of work by raising the marginal cost of employing a "marginal" employee. This helps deny to young, inexperienced, low-skilled workers those bottom couple of rungs on the employment ladder.

Nobel Prize Alert: Robert Reich has discovered a new economic law: 

"Without the government as competition, the private sector has little incentive to improve."

This is truly breathtaking. As it turns out, it's not the private sector that drives innovation, growth and efficiency, it's the government.