Andy Duncan interviews the president of the Ludwig von Mises Institute, Jeff Deist. Topics for this discussion include Jeff’s vision for the Institute, how Austrian economics can help make people wealthier, and how to gain practical knowledge about the Austrian school.
George Reisman writes in today’s Mises Daily:
Furthermore, the higher the minimum wage is raised, the worse are the effects on poor people. This is because, on the one hand, the resulting overall unemployment is greater, while, on the other hand, the protection a lower wage provides against competition from higher-paid workers is more and more eroded.
Although Joseph Stiglitz has a reputation as one of the most prominent defenders of big government, I found much to agree with in his book, The Price of Inequality. It does appear to me that throughout the political spectrum, from left to right, there is a substantial consensus that government is the cause of many of the problems people perceive. The disagreement is over how to solve those problems.
From the panel recorded at the 2014 Austrian Economics Research Conference in Auburn, Alabama, on 20 March 2014.
The authorities accused the 24 separatists of being involved in “terrorism”, “fabrication of weapons of war” and “subversion of the democratic order”.
The activists were part of a “secessionist group that was planning various initiatives, some of them violent, aimed at pushing for the
Mark Thornton writes: Patrick Barron on Redmond Weissenberger’s podcast Better Red than Dead, on The Ricardo Effect. Like Say’s Law, it’s another piece of classical economics that is under-appreciated by modern Austrians. Barron also makes the point that I had not heard before that there is a perverse Ricardo effect put into play by government intervention.
Murray Rothbard’s Anatomy of the State is now available in Japanese, thanks to Tatsuya Iwakura.
Writes Ed Dolan, the 2014 F.A. Hayek Memorial Lecturer at the Austrian Economics Research Conference:
