Interventionism

Democratic socialism in Britain in the late 1940s brought a wave of shortages with rations falling even below WWII standards.

Why is the aviation world all atwitter? Peter Klein explains what free market competition is and is not.

California is on the verge of increasing the statewide minimum wage to $15, from $10. According to one pro-minimum wage policy advisor, "It would mean a raise for one of every three workers in the state."

In this video, Ron Paul and Daniel McAdams discuss whether or not protectionism will improve the American economy.

Those who advocate equality of income distribution overlook the most important point, namely, that the total available for distribution, the annual product of social labor, is not independent of the manner in which it is divided.

Doing Bad by Doing Good is an accessible treatment of a major foreign-policy problem from a perspective solidly grounded in the tradition of Austrian economic thought.

The capital city of NATO and the European Parliament, the city of Brussels is a prime target for the radicals that the elites of Brussels and Washington helped create.

The paper aims to defend the general validity of the ABCT against the assumption that the theory does not hold if entrepreneurs are able to anticipate correctly the inflationary effects of a fiduciary credit expansion.

Former Mises Fellow Mateusz Machaj has published a new paper, "Can the Taylor Rule be a Good Guidance for Policy? The Case of 2001–2008 Real Estate Bubble" in the journal Prague Economic Papers.

Economists Akerlof and Shiller contend that people are too gullible and ignorant to be allowed to deal with a potentially deceptive marketplace on their own. The solution is to have the government manage the markets for them.