“Unfortunately, the real minimum wage is always zero, regardless of the laws, and that is the wage that many workers receive in the wake of the creation or escalation of a government-mandated minimum wage, because they lose their jobs or fail to find jobs when they enter the labor force. Making it illegal to pay less than a given amount does not make a worker’s productivity worth that amount—and, if it is not, that worker is unlikely to be employed.”
― Basic Economics: A Citizen's Guide to the Economy
― Basic Economics: A Citizen's Guide to the Economy
“Truths turn into dogmas the instant that they are disputed. Thus every man who utters a doubt defines a religion. And the scepticism of our time does not really destroy the beliefs, rather it creates them; gives them their limits and their plain and defiant shape. We who are Liberals once held Liberalism lightly as a truism. Now it has been disputed, and we hold it fiercely as a faith. We who believe in patriotism once thought patriotism to be reasonable, and thought little more about it. Now we know it to be unreasonable, and know it to be right. We who are Christians never knew the great philosophic common sense which inheres in that mystery until the anti-Christian writers pointed it out to us. The great march of mental destruction will go on. Everything will be denied. Everything will become a creed. It is a reasonable position to deny the stones in the street; it will be a religious dogma to assert them. It is a rational thesis that we are all in a dream; it will be a mystical sanity to say that we are all awake. Fires will be kindled to testify that two and two make four. Swords will be drawn to prove that leaves are green in summer. We shall be left defending, not only the incredible virtues and sanities of human life, but something more incredible still, this huge impossible universe which stares us in the face. We shall fight for visible prodigies as if they were invisible. We shall look on the impossible grass and the skies with a strange courage. We shall be of those who have seen and yet have believed.”
― Heretics
― Heretics
“If women are trapped by the whore/Madonna complex, men are equally trapped by this warrior/minstrel complex. What’s more, while a man is expected to be modern, that is, to support feminism in all its particulars, to see and treat women as equals in every respect, he is on the other hand often still expected to be traditional at the same time, to treat a lady like a lady, to lead the way and pick up the check.”
― Self-Made Man: One Woman's Journey Into Manhood and Back Again
― Self-Made Man: One Woman's Journey Into Manhood and Back Again
“Economics is a study of cause-and-effect relationships in an economy. It's purpose is to discern the consequences of various ways of allocating resources which have alternative uses. It has nothing to say about philosophy or values, anymore than it has to say about music or literature.”
― Basic Economics: A Citizen's Guide to the Economy
― Basic Economics: A Citizen's Guide to the Economy
“prices are not costs. Prices are what pay for costs.”
― Basic Economics
― Basic Economics
Coty’s 2025 Year in Books
Take a look at Coty’s Year in Books, including some fun facts about their reading.
Coty hasn't connected with their friends on Goodreads, yet.
Favorite Genres
Polls voted on by Coty
Lists liked by Coty




