60 Minutes had a good piece on why American Samoans make such great college and NFL football players. I don't know how it slipped through, but the CBS report mentioned that the island's primary industry, tuna canning, has been nearly destroyed by well-intended but wrongheaded regulations. One plant shut down and the other may close, all because of the high minimum wage passed by Congress in 2007.
What a great example of how tinkering with the free market destroys lives. It’s no wonder national unemployment has risen from 5% to 10% since the Dems took over Congress.
Here's a counter intuitive solution to unemployment that should have just the right unintended consequences: fire all the politicians and bureaucrats in Washington.
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