From FEE <[email protected]>
Subject Milton Friedman was right on corporate guidance
Date August 27, 2019 5:07 PM
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FEE Daily

"Woke" CEOs ignore him at shareholder peril.

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Milton Friedman Was Right on Corporate Guidance, and "Woke" CEOs Ignore Him at Shareholder Peril ([link removed] )

by Jon L. Pritchett, Ed Tiryakian

The resources these CEOs propose to spend in the pursuit of social good are not their own. Those resources are capital invested by shareholders; not by the growing category of “stakeholders” these modern CEOs seem so intent on pleasing.

IT IS THE FIDUCIARY RESPONSIBILITY OF THE DIRECTORS TO PROTECT SUCH ASSETS…AND MAYBE EVEN THE ENTIRE FREE MARKET SYSTEM, TOO. ([link removed] )

7 Quotes That Reveal the Racist Origins of Minimum Wage Laws ([link removed] )

by Jon Miltimore

Early progressives understood quite well that minimum wage laws cause job losses. They simply saw it as a social benefit, not a social ill. Those denied work by minimum wage laws could more easily be segregated, sterilized, and put in asylums, many reasoned.

PROGRESSIVE ECONOMISTS AND INTELLECTUALS SAW THESE JOB LOSSES AS A EUGENIC SERVICE TO THE LARGER POPULATION. ([link removed] )

Google and Facebook Will Just Get Stronger if Regulators Get Their Way, Europe’s Experience Shows ([link removed] )

by John Phelan

The European Union’s General Data Protection Regulation has helped entrench big tech companies like Google and Facebook.

BIG FIRMS CAN BEAR THE COSTS OF COMPLYING WITH REGULATIONS MUCH MORE EASILY THAN SMALL FIRMS. ([link removed] )

invisible-hands ([link removed] )

VIDEO: Invisible Hands—The Market Process ([link removed] )

The essence of any economy is built on the production and exchange of goods and services. And one of the most important and effective ways we know to achieve the fulfillment of people's wants and needs in any society is through the market process.

WATCH THE VIDEO NOW! ([link removed] )

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