The High Cost of Using the Minimum Wage as a Form of Welfare
Social activists now regard the minimum wage as another welfare program that can reduce the costs of programs like Medicaid and food stamps, and can reduce inequality. But the minimum …
Mises Wire
The Drive for State and Federal Protective Tariffs in Early America
[Chapter 3 of Rothbard’s newly edited and released Conceived in Liberty, vol. 5, The New Republic: 1784–1791.] Every depression generates a clamor among many groups for special privileges at the …
“Weapons of Mass Destruction”: The Last Refuge of the Global Interventionist
The threat of “nuclear proliferation” remains one of the great catch-all reasons—the other being “humanitarian” intervention—given for why the US regime and its allies ought to be given unlimited power …
Want More Entrepreneurship? Embrace Long-Term Legal Stability.
Continuous change in the regulatory framework in which market players do business is a feature of modernity: while the perimeter of the state’s intrusiveness gets larger, rules expand and change constantly. …
The Great Paper-Money Experiment
[Excerpted from book 7, Money and Man.] The name of that ardent Scotsman, John Law, is short. His career was likewise short: he was comptroller general of France for less …
The Biggest Lies of the Impeachment Saga
The Senate impeachment trial of former president Donald Trump confirms historian Henry Adams’s adage a century ago that politics “has always been the systematic organization of hatreds.” The impeachment process was …
Economists and Psychologists Are Weaponizing Psychology and the Idea of “Rationality”
Behavioral economists and psychologists define as irrational anything that doesn’t fit into a narrow model of behavior. Anything “irrational”—like buying the “wrong” stock—must be fixed with government regulation. Original Article: …
Why Biden and Krugman Are Wrong about the $15 Minimum Wage
President Biden claimed during his Super Bowl interview that “all the economics show” that if the government imposes a $15 minimum wage then “the whole economy rises.” For his part, …
Are There Any Limits to Natural Rights?
I’d like to discuss today an argument that is popular among some contemporary political philosophers. If this argument is correct, it undermines the sort of natural rights found in Murray …
The Fight over Economics Is a Fight over Culture
Explaining good economic theory is about explaining how the other side is ripping you off. Original Article: “The Fight over Economics Is a Fight over Culture“ This Audio Mises Wire …