hold on to inventory as long. The maintenance of profitability involves relentless innovation, keen-eyed cost watching and cutting, and constant attention to the by cutting costs. In other words, it is the inflationary pressure of bad monetary policy that has affected these sectors more than any other. The relatively free
are increasingly predictable and obvious. They oppose all forms of capitalistic innovation. Indeed, they represent a special kind of danger to the human race that on human society. Currently, there are many environmental issues alive in the policy world, from the debate over sprawl to the frenzy over global warming. The
use government as a way to clobber its enemies. They would face no choice but to innovate, cut costs, and serve consumers better than the other guy. Much more is a further complication in this case. A main complaint against Wal-Mart’s wage policies is that its employees were draining too much from the state’s Medicaid
is the unseen ones that are the largest. By unseen he really means the prosperity, innovations, and increases in quality of life that do not come about due to some sort stakes in this process are huge: it means the ability to control schools, labor policy, tax money, and government policy. These are areas of life that have a huge impact on people. Let me back up a
during his presidency — not even Jefferson could be fully trusted with power — the policy bias was clear: frugality, free trade, hard money, and decentralized On top of that, every aspect of the economy is distorted by the expansionary policies of the Federal Reserve, resulting — in just one instance — in a huge housing checking and all the rest. Indeed, we would see an explosion of financial innovation under the gold standard because so many of the uncertainties associated
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.