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More of the Same From the Keynesians in 2014

23 januari, 2014 - 07:00
Keynesians enthusiastically point to government as the solution for the faltering recovery.

Whatever Happened to Peace Officers?

22 januari, 2014 - 07:00

Without market competition and discipline, government has no idea what people really want. Police services are no exception.

Whatever Happened to Peace Officers?

22 januari, 2014 - 07:00
Without market competition and discipline, government has no idea what people really want. Police services are no exception.

Warfare, Welfare, and Wonder Woman: How Congress Spends Your Money

21 januari, 2014 - 07:00
Supporters of warfare, welfare, and Wonder Woman cheered last week as Congress passed a one trillion dollar “omnibus” appropriation bill. This funds the government for the remainder of the fiscal year. Wonder Woman fans can cheer that buried in the bill was a $10,000 grant for a theater program to explore the comic book heroine.

How Housing Regulations Ruin Tenant-Landlord Relations

20 januari, 2014 - 07:00
The current tenancy laws do not promote conflict resolution and peaceful cooperation, as laws are intended to do. Under the current regulatory system, a landlord has minimal to no benefits from providing high quality service, quite the opposite of what good laws are supposed to do.

The Mises Institute and the Future of Higher Education

18 januari, 2014 - 07:00
The demand for online educational programs illustrates how useful they are in the marketplace, and the Mises Institute is already part of this new world of higher education. We seek to become the private online university of the future for Austrian economics, libertarianism, and related areas.

How the Years Between the World Wars Created the Modern World

17 januari, 2014 - 07:00

The 20 years known as the interwar years is a pivotal period both for good and ill. For anyone that revers liberty, the interwar period is absolutely crucial for understanding and interpreting today’s geopolitical circumstances. The period certainly produced a design for the world to come.

Welfare, Minimum Wages, and Unemployment

16 januari, 2014 - 07:00

The minimum wage is just another weapon in the arsenal of the misguided progressive trying to “help” the poor. People whose productive value is less than the minimum wage are de facto unemployable. They are denied the opportunity to gain experience and skills, and their exclusion from the job market is a net loss to society.

The Economics Of Troubleshooting

9 januari, 2014 - 07:00

Economic principles have much to teach the troubleshooter. Scarce fix-it resources constrain and focus decisions on what gets repaired, and how. Asking yourself periodically “what else could I being doing with my time and money?” will help to ensure that you are always on the most rewarding path.

Looking at Entrepreneurship From a Theoretical Perspective

8 januari, 2014 - 07:00

Government officials talk about more entrepreneurship, but they pick particular firms, industries, or technologies, and give them subsidies and benefits. What entrepreneurs need is secure property rights, the rule of law, and sound money. The best government can do for entrepreneurs is get out of their way.

How Intellectual Property Distorts Big Business, Science, and Creativity

7 januari, 2014 - 07:00

The state’s creation of patent and copyright interests doesn’t prevent innovations, but it does erect hurdles that discourage research. The “traditional enemies of innovation [are] inertia and vested interest,” factors contributed to by the government practice of giving inventors protection from competitors.

Current Fed Policy: An Exercise in Keynesian Folly

6 januari, 2014 - 07:00

The Bernanke Fed followed Keynes’s advice. The way to avoid a new slump is to keep interest rates low for as far as the eye can see as a way to overcome a lack of “animal sprits” and thus sustain a quasi-boom. As long as inflation is low, no harm, no foul. In fact, as the thinking goes, more inflation might be beneficial.

The Minimum Wage Forces Low-Skill Workers to Compete with Higher-Skill Workers

4 januari, 2014 - 07:00

A low wage constitutes a competitive advantage for less-skilled workers that serves to protect them from competition from more-skilled workers. In other words, a wage of $7.25 per hour for fast-food workers serves to protect those workers from competition from workers able to earn $8 to $15 per hour in other lines of work.

Austrian Economics and Interventionism in Japan

3 januari, 2014 - 07:00

Japan suffers the universal results of high taxation and the wide variety of social problems that follow. No longer is one income enough to make ends meet. Government regulations make it difficult for new industries to compete against the established giants and most industries behave like state-owned enterprises.

How the Drug War Makes Drugs Less Safe

2 januari, 2014 - 07:00

The legal incentives created by prohibition lead to artificially restricted production, decreasing the supply, and causing the price to skyrocket. Prohibition transforms users into criminals by making their drug use a large financial burden, enticing many to commit real crimes. All of this is a disaster for the addicts.

To Understand Public Policy, First Understand Markets

1 januari, 2014 - 07:00

The “public issues” of today are crucially dependent on an understanding of sound economics. Virtually every major “public” or “social” issue involves proposals for government interference with the market. That’s why it’s crucial for lovers of liberty to understand how a voluntary economic marketplace works, in order to explode the myths and lies of its enemies.

Advancing Pharmaceutical and Medical Technology Does Not Depend on Patents

31 december, 2013 - 07:00

The notion that unpatented medical technologies are not feasible is historically false. The British Medical Journal challenged its readership to submit a list of the most noteworthy medical and pharmaceutical inventions throughout history. Only two of them have remotely anything to do with patents.

Walter Block Is Still Defending the Undefendable

30 december, 2013 - 07:00

Block’s Defending the Undefendable has needled and irritated an entire generation of readers and compelled many to re-examine long-held beliefs in favor of the logic of libertarianism. Now comes volume 2, with a foreword by Ron Paul, that promises more such irritation for future generations.

In Trusting Politics and Politicians, It Is the Pope Who is Naïve

28 december, 2013 - 07:00

Pope Francis’s compassion for the poor is overwhelmed by his confusion about the market economy. Economic liberty has done more to elevate the living standards of the general population than any other form of social organization in history. It is the only system which does not trust in the goodness of those with power.

Our Time Is Now

27 december, 2013 - 07:00

Mises said the causes of freedom and Austrian economics had to be advanced by a dual program: scholarly work in the defense of freedom and educating business and professional leaders with the compelling case for the Austrian School. Mises would be proud of what you have helped the Mises Institute accomplish.