the benefit of a government-created monopoly that excludes from the market the competition of those unemployed workers who are willing and able to work for less taxes and/or greater budget deficits to finance it. Your and the President’s policy is fundamentally anti-labor and anti-poor people. While it enriches those poor
workers when wages are increased. This is the fact that a low wage constitutes a competitive advantage for less-skilled workers that serves to protect them from competition from more-skilled workers. In other words, a wage of $7.25 per hour for than this about economics before attempting to enact sweeping changes in economic policy, changes to be achieved by attempting to organize a mass movement that is
all the free market but rather, from beginning to end, destructionist government policy, in large part inspired by environmentalist fanaticism. Assertions, such at power plants, and would quickly be plunged into unprofitability if exposed to the competition of other types of power plants, investors have been unwilling to invest
has been acquired by such means as obtaining government subsidies or preventing competition through protective tariffs and other forms of government intervention. are made possible to the extent that the government is permitted to depart from a policy of strict laissez-faire and thereby arbitrarily reward or punish firms. Apart
rather than the actual, rational right to medical care as the basis of various policies it has adopted over the years. Seen in this light, the origins of the the services of these willing providers. It is both a violation of the freedom of competition of those providers and, by the same token, the bestowal of a monopoly force against others, coupled with a willingness to serve it by such means. Such a policy is irrational and ultimately self-destructive. Indeed, its
in order to arrive at a rational judgment of its nature. Destructionist government policy has increasingly restricted the supply of electric power in California and few or no new coal, oil, or hydroelectric power plants built. Indeed, government policies have caused existing plants of these types to be dismantled. In California, to operate, and would quickly be plunged into unprofitability if exposed to the competition of other types of power plants. Moreover, the government-caused
standard of living of their members by means of raising their money wages, their policy inevitably comes down to an attempt to make the labor of their members of labor-saving machinery on the grounds that it causes unemployment. They oppose competition among workers. As Henry Hazlitt pointed out, they force employers to
Security or Medicare benefit. So much for the nature of interventionism. The policy of the strict avoidance of interventionism is the policy of laissez-faire , or delay the introduction of labor-saving machinery, to prevent or minimize competition among workers, and to impose arbitrary and costly work rules and
fallacy of assuming that because earning more money is obviously an intelligent policy for an individual wage earner to pursue, it follows that it must be an of firing incompetent workers. Under such conditions, firms cannot meet the competition of other firms, foreign or domestic, that are non-union, and thus sooner
capitalism. In addition, they believe that money is the root of all evil and that competition, is “the law of the jungle” and “the survival of the fittest.” Economic purpose of bringing order to what would otherwise allegedly be chaos, now urges a policy of laissez-faire —out of respect for natural harmonies. Of course, it is not a
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The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.