Free Trade Brings Abundance — Protectionism Brings Scarcity
When it comes to trade, the best US policy, or that of any country, is the elimination of all barriers to imports.
Value and Exchange
Displaying 251 - 260 of 944
Let’s Impose Some Transaction Costs on Government
Economists generally do not like high transactions costs. But they can be good when imposed on governments.
Reply to Dr. Howden on Opportunity Costs
This approach to costs and action allows for a praxeological explanation of originary interest avoiding shortcomings of traditional Austrian analysis.
Economic Indulgences: Old and New Debates on Welfare and Freedom
I fear we will make little progress politically or economically if the attachment to emotionalism does not change in favor of economic realism.
Interventionism: Government’s War Against Consumers
The government wants to arrogate to itself the power, which, in an economy, is in the hands of the consumers.
The Minimum Wage: Taking Away the Right to Work
The view seems to be that if a higher minimum wage is mandated that employers will continue to make all of the same hiring decisions. Not true.
Why We Need Profits
Monetary profit is not the only kind of profit, but in a complex world, monetary profit is essential in building sustainable economies.
Was Mises a Cynic?
Mises maintained that humans act out of self interest. But that doesn't mean others can't benefit from those actions, regardless of intent.
