various political friends, supporters, and potential voters. They do not call this policy by its right name: punishing the productive and rewarding the unproductive, of proclamations to the contrary, the EU was never about free trade and free competition. For that, you don’t need tens of thousands of pages of rules and
own free will. To let the attractive force of its own culture prove itself in free competition with other peoples — that alone is worthy of a proud nation, that alone would be true national and cultural policy. The means of power and of political rule were in no way necessary for that. (
so as to reduce the supply and allow prices to rise once they had pushed out their competition. A year-and-a-half later three things are abundantly clear: 1. OPEC and 27 million barrels per day, despite prices falling over 70%. 2. “OPEC’s” new policy was largely just Saudi Arabian policy: Saudi Arabia, being the leading
properties of these unseen curves and their implications regarding government policies. The supply-demand graphic is contrary to the fact that human actions are how much money consumers are likely to spend on the product, the prices of various competitive products, and the cost of production. Producers set the price, but then what is needed is a bolstering of demand by means of fiscal or monetary policies. For a given supply curve, they contend, this will push the demand curve to
“Protecting” American firms — and presumably, their workers — from foreign competition sounds like a great idea. After all, what patriotic American wants to see like these are used to rally the citizens and get them to support protectionist policies, these arguments ignore the fact that protectionist policies always distort
wage introduced in 1999 by the Blair government was seen as one of the best policies to tackle exploitative work and the conditions of low pay. What better than floor was not so stable, as young people have borne the brunt of this misguided policy. Effects as serious as rising youth unemployment, significant underemployment workers as perverse incentives are created which monopolise firms and limit competition. However, the minimum wage has proved an extremely popular government
catalyst behind the collapse of the Bretton Woods system was the loose monetary policies of the US central bank which pushed the price of gold in the gold market the risk that other countries will do the same. Consequently, the emergence of competitive devaluations is a sure way of destroying the market economy and plunging result in a race between the nations to outbid one another. At the end of this competition is the complete destruction of all nations’ monetary systems.
would be to affirm your principled support for economic liberty, for open and competitive markets, and for a foreign policy that rejects both protectionism at home and interventionism abroad. Over the its entirety and, as you have already pointed out, any prohibition on interstate competition in health insurance also should be repealed. Health care and health care
of AOL-Time-Warner demonstrates that even the biggest companies are vulnerable to competition if there is open entry into the marketplace. AOL-Time-Warner failed sent to business and investors by the Federal Reserve’s inflationary monetary policy. Perhaps the most famous example of this is the AOL-Time-Warner fiasco, which
European Union is a cartel of high-tax governments whose goal is to restrain tax competition. The EU’s supposedly free — this is, regulated — trade policy is none other than an excuse to homogenize the tax and regulatory regimes of
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.