Interventionism

A new study at UC Berkeley claims that California‘s new $20 minimum wage has had no adverse economic effects. If only that were true.

The world is awash in debt bubbles, but politicians continue to spend, which requires even more central bank intervention—and more bubbles. Max Rangeley has edited The Age of Debt Bubbles, which details the dangers we face and how to stop the current madness.

Antitrust law is being touted as an answer to our inflationary economy. Unfortunately, as Austrians have noted, antitrust law does nothing to bolster competition and actually makes the economy less competitive.

Ireland is suffering from the same kind of housing crisis that has hurt the US. Not surprisingly, the crises in both countries have their roots in government intervention undertaken ostensibly to make housing more affordable.

Böhm-Bawerk shows us that the study of human action and the economy in general goes beyond the simple paradigm of the financial and monetary world. Economics is built into all human experience.

The child-like obsession with buying stuff that American society is often criticized for around Christmas is a sought-after result of our government’s monetary policy.

Totalitarianism is not compatible with a functioning economic system based upon free exchange and private property. Such regimes depend upon historicism and logical relativism.

The original Mont Pelerin Society meeting in 1947 featured Ludwig von Mises, whose warnings about the dangers of socialism and totalitarianism had gone unheeded. In the wreckage of World War II, the truth of his message should have been obvious. It wasn't.

One of the most popular economic fallacies of our time is the belief that the absence of a minimum wage would lead to limitless exploitation of employees in the economy.

The world is awash in debt bubbles, but politicians continue to spend, which requires even more central bank intervention—and more bubbles. Max Rangeley has edited The Age of Debt Bubbles, which details the dangers we face and how to stop the current madness.