Notable Quote – Paul Samuelson

Let me read you another one. “Minimum wage rates: these often hurt those they are designed to help. What good does it do a Negro youth to know that an employer must pay him $1.60 per hour if the fact that he must be paid that amount is what keeps him from getting a job?” By the way, we need not just say Negro youth there; what good does it do any young person to know that an employer must pay him $1.60 if that is the fact that keeps him from getting the job at all? Where is this statement from? From the seventh edition of Economics by Paul Samuelson.

-Paul Samuelson (first American to receive a Nobel prize)

(H/T: Ben Rogge via Cafe Hayek)

Skip
by Skip

Co-founder of GraniteGrok, my concern is around Individual Liberty and Freedom (and how Government is taking that away from us). My fight, from a Conservative (with small “L” libertarian leanings) and evangelical Christian perspective, is with the Progressives that are forcing a collectivized and secular humanistic future upon us. As TEA Party activist, citizen journalist (and pundit!), my goal is to use the New Media to advance the radical notions of America’s Founders back into our culture again.