Prices

Recorded at the Mises University 2016.

In the UK, a national minimum wage was introduced in 1999. Things have been getting worse for young workers ever since.

An "I voted" sticker is no substitute for a simple receipt.

Rising income inequality and concentration of resources into fewer large firms are not a problem for marginal-pricing theory.

The way that government collects taxes is awful. The process of spending it is even worse.

Decades of government mismanagement has wreaked havoc on the Apalachicola oyster industry.

Synthetic marijuana is more dangerous and unpredictable than the ordinary kind. It exists because the Drug War has made cheaper, more potent drugs more profitable. And on a black market, safety is not the seller's chief concern.

Thanks to government loans, the price of college has skyrocketed in recent years because student loans mean colleges can raise their prices without driving away otherwise-price-sensitive students.

A successful economy depends on innovative entrepreneurs who are willing to take large risks in return for the chance at great profits.

In an unhampered economy, we would measure economic progress by a need for fewer work hours and fewer jobs. In our mixed economy, it's impossible to say whether more jobs reflect an improving or a worsening economy.