NEWARK, NJ — July 13, 2021 — Some small businesses, primarily restaurants, including fast food chains, still complain that they cannot find workers because of government programs that have effectively raised the reservation wages of their workers. This, of course, has created a moral hazard as workers have less incentive to return to work because they get more from non-work. …
By Oren M. Levin-Waldman
In Defense of Varieties of Capitalism (VoC) By OREN M. LEVIN-WALDMAN
In the current campaign for the presidency, we hear quite often that the choice before us is between capitalism and socialism. Or worse, a vote for socialism may actually be a vote for communism. For some, any type of governmental involvement, whether through regulation, public programs, or even taxes is viewed as socialism. Capitalism, after all, requires unfettered markets along …