Simo Moutii

“If the government turns a blind eye to striking union members who use violence against employers or “scabs” (strike breakers), while at the same time the government stands ready to use its police power to prevent management from hiring armed personnel to disperse the picketing union members, then the union is implicitly allowed to set its own minimum wage rate for the firm being targeted. The economic effects are the same as with an explicit government-imposed minimum wage: institutional unemployment, which in such cases falls disproportionately on lower-skilled workers outside of the union.”
― Robert P. Murphy, Choice: Cooperation, Enterprise, and Human Action

“Economics deals with society's fundamental problems; it concerns everyone and belongs to all. It is the main and proper study of every citizen.”
― Robert P. Murphy, Choice: Cooperation, Enterprise, and Human Action

“We can anticipate Mises's ultimate conclusion: There is no viable third system. People must choose between capitalism and socialism.”
― Robert P. Murphy, Choice: Cooperation, Enterprise, and Human Action

“For example, if the U.S. government suddenly imposed a requirement that employers grant all workers a minimum of two hours each day for lunch, then labor-intensive industries would suffer. Foreign manufacturers—who would be exempt from U.S. labor laws—could easily undercut U.S. manufacturers in products where the United States had originally employed a large number of workers. Rather than enjoying a longer lunch break, many of these workers would be thrown out of work immediately. There would be no question, even in the short run, that the pro-labor legislation had actually hurt many of the people it was designed to help.”
― Robert P. Murphy, Choice: Cooperation, Enterprise, and Human Action