The New Wage Controls

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Published in The Wall Street Journal June 15, 2009

One more sign that the levelers are now in charge. The U.S. “market” economy took another hard-to-believe turn this week with the Obama Treasury appointing a “compensation czar” to dictate wage controls on private companies that take taxpayer money and offer guidelines for every other U.S. publicly traded company. Can wage and price controls for everyone be far behind?

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