Interventionism

To prevent future economic pain, what is required is the closure of all the Fed’s means of creating money out of “thin air.”

Swiss voters recently rejected a proposal to introduce the world’s highest minimum wage, writes Benjamin M. Wiegold.

Even mainstream empirical data shows that the Phillips Curve is wrong and that inflation does not cure unemployment.

Merely increasing demand does not increase production or produce wealth.

Any government intervention in the economy, such as, loan programs, regulations, and subsidies, creates malinvestments.

Government intervention in health care has driven up health care prices. Mainstream journalists choose to focus on profits and “greed” as the problem.

Inflation puts a brake on social mobility: the rich stay rich (longer) and the poor stay poor (longer) than they would in a free society.

Easy money policy hurts most people, particularly workers and savers, and redistributes their wealth to the ruling elites, writes Mark Thornton.

Peter Klein discusses who should make the decisions to best allocate scarce resources and time.

Interviewed by host Alan Butler, Mark Thornton discusses the failed War on Drugs, and the current state of the U.S. economy.