On March 25, 1957, representatives from six countries in Europe signed the Treaty of Rome and established the European Economic Community. Fifty years on, 27 nations belong to the EuropeanUnion. Not only has the geographical area the original EEC covered expanded, but so
with it. If carried into the long term, this would have meant a de facto monetary union between the euro and the franc. Fortunately for most people however, the Swiss francs from the new round of money-supply inflation that is expected from the European Central Bank. Those who have their savings in euros are not so lucky. Those
in Auburn , Alabama called “The Austrian Café.” We offer a selection of strong, European coffee, assorted desserts, and occasional music (sing-alongs on Friday and not; the above-mentioned activities are pure thuggery and criminality. But labor unions have routinely engaged in these very practices in assaulting competing, that employees could get by bargaining for themselves on the free market without a union has been the strike. But in order for the strike to work, and for unions to
5–6 weekend edition of the Wall Street Journal , we learn that it is apparently unions who are now at fault: European trade unions are preparing aggressive pay demands for 2008. This is sure to CAN UNIONS CAUSE PRICE INFLATION? We can now return to the original issue: if union agitation leads to wage increases, will that cause prices in general to
“Secession, State, and Economy.” Click here for Part 4, “Peaceful Disunion in Europe.” The moral grandeur of Lincoln is rooted in the myth that he made a war on by the vast majority of Americans, North and South, that America was a white European polity, and that the Indian and African populations were not—and were never exotic and alien population. What he could not tolerate was a dissolution of the Union, loss of revenue from the South, and a low-tariff zone on his southern border.
“Those who tell you of trade-unions bent on raising wages by moral suasion alone are like people who tell you of – Henry George, 1891 Introduction Colonial Times City of Brotherly Love? Union Tactics The Law 1850–1900 20th Century World War I 1920s 1930s World War II trade unions gain a real foothold. Colonial Times In the early modern era, the European guild system consisted of tightly regulated local occupational and product
European politicians are still trying to save the project of the euro. They design may give up parts of their sovereignty. The character of the European Monetary Union (EMU), and even the EuropeanUnion (EU), may change forever. While it is still
as far as possible economic, political, and social agents, and especially labor unions and other pressure groups, politicians, and central banks. It is only in this in most of continental Europe. Later we will consider the errors committed by the European Central Bank (ECB). Now what interests us is to note that the different member states of the monetary union completely relinquished and lost their monetary autonomy, that is, the
Legal Problems The Maastricht Treaty does not provide for a mechanism to exit the European Monetary Union ( EMU ). Thus, several authors maintain that an exit from the euro would suffers from too-high wages mainly because there is no free labor market. Labor unions have caused wages to be too high. The resulting unemployment had been
had sought to impose on their North American possessions had been going on in Europe for centuries and is still going on. Of the thousands of independent a few dozen remain, and there is an attempt to consolidate most of these into a EuropeanUnion. The ideologies that have sought to legitimate these consolidations have
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.