Over the weekend Target Liberty posted a very compelling interview with Friedrich Hayek that I had never seen before.  The 30-minute interview took place at the University of Freiburg on May 31, 1980.

Glenn Jacobs, also known as WWE superstar “Kane”, is our guest this week. He’s not only a tremendous performer and athlete, but also tremendous intellectual, a voracious reader, a dedicated Rothbardian, and a great friend of the Mises Institute.

Robert Higgs writes:

Raising the minimum wage has become the cause célèbre for many on the progressive left. Most notably, Seattle has passed a $15 per hour minimum wage.

I was going through the textbook for my economics principles course recently, thinking about how I could better reconcile the fact that since only individuals choose, the logic of economics is about individual choices facing the fact of scarcity. Yet macroeconomics is generally presented directly in terms of aggregates and how to control them, as if aggregates were the relevant measures.

These days politico-economic trends in the U.S. provide proponents of the free society very little to cheer about.  But here is a bit of news that should elicit a hearty “YIPPEE” from free-market advocates.  According to data recently released by the Bureau of Labor Statistics, union membership in 2014 dropped to 11.1% of the labor force, its lowest rate in 100 years.   Union membership in the private sector now stands at 6.6%, down from 35% in the mid-1950s.

Agricultural economist Jayson Lusk has a nice discussion of the US government’s SNAP (”food stamps”) program that nicely illustrates Mises’s theory of interventionism. Mises argued that government interventions such as price controls, subsidies, and other regulations not only fail to achieve their stated aims, but also generate unanticipated side-effects, calling for further interventions