Wishing people had higher wages doesn't change the fact that it's impossible to make people richer by merely passing a law. Workers can only sustainably be paid more if they produce more. Fortunately, markets offer an answer to this problem.
Among the fallacies Mises debunked in his first book were those of the chartalists - the predecessors of Modern Monetary Theory.
Usually, in the marketplace, the billionaire gets his billions when he provides a service that enormous numbers of people are willing to voluntarily pay money for.
Abuse of power by police won't magically disappear if racism does. There are still plenty of reasons for police to abuse power, and few reasons for the public to believe that police will be held accountable.
Social media giants enjoy a cocktail of government contracts, government favoritism, and government-granted monopoly power. As a result, it will be difficult for new startups to offer much competition.
People are not economic automatons who necessarily arrange their families in ways that advertisers and employers want them to.
The Eurozone's massive "green" policy plan has the EU facing high unemployment, stagnating growth, and energy bills of twice as much as seen in the US.
Today would have been the 90th birthday of Burt Blumert, a key figure in the modern libertarian movement.
The authors of this plan apparently believe that all it will take is for the government to direct massive amounts of money toward these new projects, and everything else will fall into line
While everyone was talking about the 2018-2019 United States government shutdown, the House began pushing a new bill on universal background checks for gun ownership.
