Friends and family are talking, on Facebook, about the rapid rise in the price of eggs . Their posts also report that there are plenty of eggs in the dairy sections of local grocery stores. A few people, along with some reporters , blame this rapid increase in the price of eggs on price-gouging corporations. State governments take price gouging
Utopia is described as a society void of pain and poverty. It was sought well before Sir Thomas More coined the word in 1516 from the Greek words ou and topos . Since their combination translates as “to place,” More understood it to be unattainable. It has many names: Datong, the Garden of Eden, Atlantis, and New Jerusalem. For many, utopia
The State of Oregon is on the precipice of “solving” its housing shortage with state-wide rent control . It would be the first state to do so. The policy is being sold as a way to make housing more affordable in a state where three of its cities, Eugene, Portland, and Salem, are ranked among the forty most expensive housing markets on the planet.
In a free society, income and wealth gaps are driven by variations in skill, knowledge, talents, independence, creativity, drive, and willingness to take risks. People who are satisfied with safe and secure occupations — like economics professor, school teacher, nurse, dentist or tax return preparer — expect to have much less wealth and income
When the economy begins to sink into recession, politicians, mainstream economists, policy wonks, and the Federal Reserve begin beating the economic stimulus drum. Politicians, however, disagree over the type of stimulus to implement. The center-left party proposes greater expenditures on public assistance programs. The center-right party supports
The Federal Reserve’s latest Survey of Consumer Finances, according to Federal Reserve Governor Brainard , shows that the share of income held by the top 1 percent of households has risen from 17 percent in 1988 to 24 percent in 2015, and that the wealth held by that same group rose from 30 percent in 1989 to 39 percent in 2016. There are many
The yield curve (a plot of interest rates versus the maturities of securities of equal credit quality) is a handy economic and investment tool. It generally slopes upward because investors expect higher returns when their money is tied up for long periods. When the economy is growing robustly, it tends to steepen as more firms break ground on
Medicare for All is listed as the top priority of Democratic presidential candidate Bernie Sanders. He describes it as a single-payer system that is “free at the point of service” as there will be no premiums, deductibles, copays, or surprise bills. It will cover more services (dental, hearing, vision, long-term care, substance abuse treatment,
Nobel laureate Paul Krugman took a victory lap on the pages of T he New York Times in front of all who warned of impending runaway inflation from the Fed’s massive monetary expansion. He did more than pronounce them wrong. He (a) labeled their analyses “unprofessional derp,” (b) identified himself as one of a few who “correctly predicted” the Fed
Amigos y familiares hablan en Facebook de la rápida subida del precio de los huevos . También informan de que hay muchos huevos en las secciones de productos lácteos de los supermercados locales. Algunas personas, junto con algunos periodistas , culpan de este rápido aumento del precio de los huevos a las empresas que abusan de los precios. Los
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.