Ep. 1266 How Government Makes the Poor Worse Off, Example #43,662
The Tom Woods Show
Tom Woods
4.8 • 3.4K Ratings
🗓️ 22 October 2018
⏱️ 32 minutes
🧾️ Download transcript
Summary
Jim Epstein of Reason TV just released a mini-documentary on the effects of the coming $15 minimum wage on one particular sector of the New York economy, and it's devastating.
Transcript
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| 0:00.0 | The Tom Woods Show, episode 1266. |
| 0:03.5 | Prepare to set fire to the index card of allowable opinion. |
| 0:08.1 | Your daily dose of liberty education starts here, the Tom Woods Show. |
| 0:14.6 | Folks, this episode is brought to you by PolicyGenius. |
| 0:17.0 | If you've been putting off getting life insurance, there's no reason to put it off any longer. |
| 0:20.7 | Go to PolicyGenius.com, get quotes, and apply in minutes. |
| 0:24.6 | It's that easy. |
| 0:25.9 | PolicyGenius, the easy way to compare and buy life insurance. |
| 0:30.4 | Hi, everybody. Tom Woods here. |
| 0:31.6 | Very glad to be joined once again by Jim Epstein, who is managing editor of Reason TV and the Reason Podcast, and he's just put out a really superb piece of journalism. |
| 0:43.4 | And I think it's important, particularly given that libertarians are often given to abstract theorizing. |
| 0:49.9 | Not if there's anything wrong with that, but I think we connect with people more effectively |
| 0:54.6 | when we focus on particular case studies and real flesh and blood human beings. And that's |
| 1:00.2 | what Jim's done here in talking about the consequences of the coming $15 minimum wage for New York. |
| 1:07.4 | And in particular, he focuses in this piece on car washes and what it's meant for a lot of people |
| 1:14.7 | and the kinds of consequences, we're supposed to call them unintended consequences, and I'll give |
| 1:20.5 | them the benefit of the doubt that maybe they didn't realize that it would have these effects on people, |
| 1:25.2 | but it has real and clear and lasting and very damaging effects on very real people. |
| 1:34.0 | And this is very skillfully shown in this video. |
| 1:37.1 | So definitely you'll want to watch it. |
| 1:38.8 | It's at tomwoods.com slash 1266. |
| 1:42.0 | And I thought it would make a good topic of conversation. Jim, welcome back. |
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