Some now blame employers that don’t pay a “living wage” for the fact that so many people receive welfare payments. So, the politicians want to tax employers for every minimum wage employee they hire. Needless to say, this won’t solve the problem.
The rise of government prosecutors in the US and Britain since the nineteenth century has led to many new forms of prosecutorial abuse and expansive government power. The older tradition of privately-initiated prosecution and restitution may offer a way out.
The Keynesian multiplier would have us believe that economic growth can come from an increase in demand and spending. But if we look more closely, we find there is never a shortage of demand, and what an economy really needs to expand is more saving.
Many poverty relief laws and policies are premised on the assumption that only "the rich" will bear the costs. In fact, the incomes and well-being of many low-income individuals are taxed and diminished to benefit a nebulous group known as "the poor."
Communities like Baltimore and Ferguson have been crippled by government regulations and the American nanny state. Now is the time to allow local residents to break free of government wage controls, government schooling, and government prohibitions.
With huge debts and an immensely inflated supply of dollars, the US is vulnerable to its own "Suez moment" in which foreign regimes can nullify American foreign policy without firing a shot.
Antitrust law is still heavily reliant on notions of perfect competition and other static models of how markets should work. In truth, the dynamism of the marketplace does all that is necessary to prevent the rise of monopolies.
Economists long ago disproved the idea that if the rich get a bigger slice of pie, everyone else’s slice must be getting smaller. In fact, the data continues to show that inequality and growth are not at odds.
In this interview, Jing Jin, Associate Dean at the China Economics and Management Academy in Beijing, discusses how Mises and Rothbard have affected her academic work, and how Austrian economics is gaining traction in China today.
Even if the global warming lobby is eventually able to prove their case for the existence of global warming, that would still do nothing to prove the necessity of their plan for global economic controls, and thus, the impoverishment of billions.
