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
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
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
individual product cannot be assumed to be constant, but is subject to powerful competitive forces operating between the various products and industries, which of economics is to provide the knowledge necessary for the adoption of government policies conducive to the smooth and efficient functioning of such a society. [In the occurs at this point, I write: “Because of its primary application to government policy, it is understandable why the subject was originally known as political
What is the Mises Institute?
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.