By Bryan Caplan
GMU’s former chairman and economic educator extraordinaire Don Boudreaux:
And It said “Let there be higher wages. And there was.”
So why are so many people enthusiastic about statutes such as this one [the living wage]?
Proponents of such legislation are economic creationists. They do not grasp the fact that beneficial economic arrangements emerge – and emerge only – without being designed by an altruistic higher power (namely, government). Widespread prosperity and economic order are taken on faith as resulting from the conscious intercession of a sovereign superior whose incantations, ceremonies, and commands work miracles. And, typically, persons who challenge this creationist dogma are accused by its True Believers of being devils sent from the underworld to disrupt the heavenly work of the creating angels.