more) to save Portugal from its own problems. It’s not that politicians all over Europe (and the United States) love Portugal so much that they are glad to lavish it to paper over the problem rather than confront it. Wasn’t the invention of the European Central Bank supposed to control credit expansion in Europe? Philipp Bagus, What ends up happening is that the (relatively) frugal states in the EuropeanUnion subsidize the less frugal ones. There is moral hazard embedded in the very
that Clinton meant exactly what he said. Think of the implications of this labor-union dream come true. The WTO would immediately become the enforcement arm of the Organization -- restricting trade with any country that doesn’t subsidize labor unions, enact minimum-wage laws, mandate employment welfare, ban “discrimination,”
and a decade of respectable economic growth. And yet, as with other East European countries, the privatization was far from complete. Communications were only The health sector was cleaned up but left mostly in government hands. Labor unions managed to retain huge legal privileges, and there was no active market for labor controls. It’s true that they are no more severe than those in the U.S . or Europe , but Poland can scarcely afford such nonsense after the impoverishment of
Austrian School would now make its home. His dissertation became the book How Can Europe Survive , published in 1955. It remains the best and most complete critique of European political union ever written. Sennholz demonstrated, some fifty years before others even cared,
Austrian School would now make its home. His dissertation became the book How Can Europe Survive , published in 1955. It remains the best and most complete critique of European political union ever written. Sennholz demonstrated, some fifty years before others even cared,
intervention tends to be far worse. What Murray said about intervention in Eastern Europe when it was under communist control applies perfectly to our situation: Now the criminal immorality and folly of continual coercive meddling by non–Eastern European powers (e.g. Britain, France, and now the U.S.) in the affairs of East around the globe as a crude bully. Trump’s efforts to undermine the EuropeanUnion and intimidate Canada add to this ugly, brutal image. Trump’s ultimate
Austrian School would now make its home. His dissertation became the book How Can Europe Survive? , published in 1955. It remains the best and most complete critique of the European political union ever written. Sennholz demonstrated, some 50 years before others even cared,
funds for a job for Mises at New York University. At a time when every second-rate European Marxist was getting a professorship at Harvard or Princeton, Mises was the great defender of working people, and scholarly opponent of their enemy: labor unions. Many books had been written about labor unions, usually from a leftist intervention—such as laws favoring labor unions against employers and non-union workers—creates conflict. Hutt also proved that collective bargaining and
the mass movement trying to prevent the U.S. from intervening in another horrific European war. Isolationism meant the desire to keep the troops out of harm’s way. But “isolationists,” said Truman, opposed it in favor of letting free markets rebuild Europe. Fast forward again, to George Bush and his Gulf War. The people who opposed here and there who benefit. They go so far as to compare China to the old Soviet Union, as if our only option is a nuclear showdown, or, in the case of William
funds for a job for Mises at New York University. At a time when every second-rate European Marxist and historicist was getting a professorship at Harvard or Princeton, the great defender of working people and scholarly opponent of their enemy: labor unions. Many books had been written about labor unions, usually from a leftist intervention — such as laws favoring labor unions against employers and non-union workers — creates conflict. Hutt also proved that collective bargaining and
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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.
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