Friends and family are talking, on Facebook, about the rapid rise in the price of eggs . Their posts also report that there are plenty of eggs in the dairy sections of local grocery stores. A few people, along with some reporters , blame this rapid increase in the price of eggs on price-gouging corporations. State governments take price gouging
Utopia is described as a society void of pain and poverty. It was sought well before Sir Thomas More coined the word in 1516 from the Greek words ou and topos . Since their combination translates as “to place,” More understood it to be unattainable. It has many names: Datong, the Garden of Eden, Atlantis, and New Jerusalem. For many, utopia
Politicians and the media are blaming businesses for inflation when, in fact, the skyrocketing prices of nearly everything have a government stamp on them. Original Article: “ The Price-Gouging State” This Audio Mises Wire is generously sponsored by Christopher
Many Austrians saw the bust coming, and thanks to Austrian economics, we also better understand the details of how booms and busts work, writes Hal Snarr. This audio Mises Daily is narrated by Allan
The State of Oregon is on the precipice of “solving” its housing shortage with state-wide rent control . It would be the first state to do so. The policy is being sold as a way to make housing more affordable in a state where three of its cities, Eugene, Portland, and Salem, are ranked among the forty most expensive housing markets on the planet.
In a free society, income and wealth gaps are driven by variations in skill, knowledge, talents, independence, creativity, drive, and willingness to take risks. People who are satisfied with safe and secure occupations — like economics professor, school teacher, nurse, dentist or tax return preparer — expect to have much less wealth and income
This article is also available as an Audio Mises Daily In a 2010 Bloomberg Television interview, Alan Greenspan said, “The general notion the Fed was propagator of the bubble by monetary policy does not hold up to the evidence. ... Everybody missed it — academia, the Federal Reserve, all regulators.” Everybody missed it? Not according to Axel
Since President Johnson first declared war on poverty in his 1964 State of the Union address, this war has cost US taxpayers $22 trillion . The primary implement of this war has and continues to be public assistance programs. Prior to the war, the poverty rate had fallen steadily from just under 35 percent in 1949 to just over 15 percent in 1965.
When the economy begins to sink into recession, politicians, mainstream economists, policy wonks, and the Federal Reserve begin beating the economic stimulus drum. Politicians, however, disagree over the type of stimulus to implement. The center-left party proposes greater expenditures on public assistance programs. The center-right party supports
The Federal Reserve’s latest Survey of Consumer Finances, according to Federal Reserve Governor Brainard , shows that the share of income held by the top 1 percent of households has risen from 17 percent in 1988 to 24 percent in 2015, and that the wealth held by that same group rose from 30 percent in 1989 to 39 percent in 2016. There are many
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.
