In his latest Hoover essay, Professor Richard Epstein argues that we should fire all of the federal bureaucrats who enforce the Fair Labor Standards Act. Our antiquated labor laws are among the reasons why so many Americans who could be working aren’t. The law is an impediment to the efficient use of labor. Epstein mentions the opposing view, that what we need is for the government to borrow more and spend more to “stimulate” the economy. That’s childish nonsense. Creating more purchasing power at the same time as government policy is depressing the ability to produce can only lead to depreciation of the dollar. Further depreciation of the dollar. Accelerating depreciation of the dollar.