The European Central Bank is ramping up its easy-money policies in an effort to spur inflation, which it hopes will improve the economy. The wealthy and powerful will benefit from this, but most everyone else is in big trouble.
En los primeros años, los peregrinos de la colonia de Plymouth adoptaron una forma de socialismo del siglo XVII y casi murieron de hambre. Tenían poco que agradecer hasta que renunciaron a los sueños de utopía y recurrieron a los mercados en su lugar.
When dealing with people in a potentially hostile environment (such as a zombie apocalypse) how do we decide if we should trade with strangers or kill them? It turns out time preference and the division of labor has a lot to do with it.
The fact that opponents of private property rights have managed to frame the debate over health-care mandates as some sort of religious issue is one of the great public relations coups of our time. Note below, for example, the top of a full page ad in the New York Times taken...
There is a little-known loophole in federal law that allows for people with disabilities to be employed at wage rates below the minimum wage. Why the exemption? It’s an effort to lessen unemployment among the disabled, and a tacit admission in federal law that minimum wages cause unemployment.