What is Seen and Not Seen – Wesley James Young

Having spent some of my time criticizing the ideas of others and theorizing about the source of various flaws in our tutoring services, I feel it time to make clear from where my arguments originate.

There are many different labels that one could use to describe me: Liberal, Conservative, Smith-Hayek, and Quixotic. Such labeling fallaciously assumes a system of abstract ideals to describe my way of thinking. My views have a very simple basis: “if I know a man is determined to help me, I run away.” I am not against the idea of having a government but I am against the idea of treating it like Hercules. Rolling our responsibilities onto his semi-divine shoulders while we go apple picking, only to be tricked into having our own burdens plus a few more returned to our shoulders. A more concrete example would be minimum wage laws. If the lowest wage anyone would receive without such laws is $6 and the new law mandates $6.50, then You have made the guy with a job $.50 richer but you have also made the next employee $.50 more expensive which will lower employment and ultimately lower potential future growth (a burden). The increase in wages will translate to higher prices which will nullify that short term gain and translate into having the previous wage problems returned plus a reduction in employment.But I am a firm believer in taking things with a grain of salt, and so I supplement this article with one by Hugh Rockoff, a more learned economist than myself to support my reasoning: http://www.econlib.org/library/Enc/PriceControls.html. I know there are studies that support the existence of the minimum wage but I have yet to see a reason why that is consistent with the rest of economic theory. If you find a more convincing reason, let me know.

I am to the straw man commonly referred to as a “free market fundamentalist.” The ability for man to satiate his needs through truck, barter, and exchange has led to the wonders of the modern era. If the whaling industry and the protections that are given to ethanol producers and sugar mongers were not so inhibitory, perhaps today we would be driving whale powered cars–who can say? If there were higher taxes on whale oil, would petroleum have been discovered any sooner? Environmentalists claim that the market cannot get us off of oil fast enough, but why should I fuel up with hydrogen, if oil is cheaper?  How many of the government advancements which have benefited the general public resulted from the intended purpose of government research? The internet was originally intended for defense department communication and Teflon was first used as a coating for missile nosecones. Companies invest in technologies that may increase their profits, legislators invest in votes and altruism. When a government project fails, a congress man gets another term. When GM fails, the CEO gets the boot. How long can we sustain such hypocrisy?

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