Aggregated Data Hides the Damage Done by Minimum Wage Hikes
Much of the harm is disguised by focusing on forecasts of higher aggregate income for the poor. Individuals, on the other hand, are another story.
Much of the harm is disguised by focusing on forecasts of higher aggregate income for the poor. Individuals, on the other hand, are another story.
The answer lies in audacious economic reforms that favor markets and entrepreneurs: liquidate bad investments, let deflation happen, cut government spending, cut taxes, let wages fall.
Medical doctor Keith Smith returns to the show to explain how government intervention allows insurance companies to distort health care prices.
Hazlitt takes on a humble objective: to deliver an “unblushingly ‘classical,’ ‘traditional,’ and ‘orthodox’” synthesis of economics. This is the most fitting way to approach the layman, who will only retain a few lessons from an introductory book.
Christopher Snowdon joins the show to discuss his position on lockdowns, which has surprised many and put him at odds with other libertarians.
The GameStop saga—can we call it an insurrection?—wants easy heroes and villains. Both are available.
Bob discusses three separate items all related to nonviolence: (1) Gene Sharp’s work, (2) Bob’s old dream of how to topple a tyrant, and (3) the winners of the Louis CK contest.
If grocery stores were run like public schools, they'd still be in the midst of an extended covid lockdown. Fortunately, though, we have a (mostly) privatized system, with vouchers for low-income shoppers. A similar system for schools would be a far saner choice than what we have now.
Murray Rothbard died more than a quarter century before the outbreak of the covid mania and tyranny, but if he were alive today, he wouldn’t be surprised to see that the most common resistance at an institutional level comes from churches.
The problem with the European Union is not that it seeks to integrate Europe's economies. The problem comes from attempts to integrate politics as well.
The economic analysis of repudiation applies to the debt of all levels of government and to all countries. The central question is not how big the government is or how much it owes, but rather whether the debt is funded by taxes.
If we look beyond the mere tax revenue totals, we begin to understand that the cost of taxation to society is far higher than the tax revenue raised and that the costs to society of taxation grow faster than the size of government.
The assertion that “tax-financed public goods can make us all better off” is just that: an assertion. As Rothbard showed, there is no reason to just assume consumers would pay for these amenities were they not forced to through taxation.
The bill’s supporters may talk about how it will give workers the ability to choose to organize at work, but much like the mafia, this bill will ensure that the choice to unionize is one that workers can’t refuse.
The media-government alliance has clamped down against the populist right harder than ever before. Yet, one can sense a hint of panic within establishment ranks that the threads of their dominance may finally be unraveling.
If leaders are serious about economic recovery after lockdowns, they need to dispense with authoritarian controls and let markets work. Daniel Lacalle considers interest rates, inequality, stakeholder theory, global debt, and much more in this powerful discussion of today's economic reality.
Ryan McMaken and Tho Bishop discuss five reasons why Rothbard's work is so memorable.
A money which can be held in only one form, whether digital coin (as in the case of bitcoin), or banknote, or sight deposit, or metallic coin, for example, is crippled. Yet, exclusive digital form has become a huge selling point for the promotors of bitcoin.
When police ineptly scanned a car's license plate and wrongly decided the car was stolen, they proceeded to force a group of children to the ground at gunpoint. Will this qualify as a rights violation if "qualified immunity" is absent? The courts will decide.