"To defend the truth, to articulate it with humility and conviction, and to bear witness to it in life are therefore exacting and indispensable forms of charity."

H. H. Benedict XVI. Caritas in Veritate Encyclical. June 29, 2009

Saturday, April 28, 2012

The lesson of economics most often forgotten

Factors affecting a free labor market ultimately are reflected in wages, not in unemployment. Persistently high unemployment is due exclusively to minimum wages.

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