Birkin bags are pricey and the producer restricts its potential buyers. Unfortunately, disgruntled customers who don’t want to follow the company’s rules are now appealing to US antitrust law.
A central doctrine of the Keynesian system is the “liquidity trap” in which consumers hold money in anticipation of higher interest rates. The act of holding money allegedly promotes “underconsumption,” continuing the economic downturn. This doctrine, however, cannot withstand scrutiny.
In the aftermath of its recent election debacle, Britain's Conservatives have selected Kemi Badenoch as their new leader. Badenoch describes herself as an "adherent to Austrian Economics." Will it make any difference in Britain's future?
The Mises Institute is giving away copies of Murray Rothbard's classic, What Has Government Done to Our Money? and it will change how one sees our nation's monetary history. Rothbard presents a clear case for sound money as a basis for civilization itself.
The damage tariffs impose is not limited to increasing consumer prices. They also create major distortions in the markets.
As we see from Jamaica‘s experience, attempts by the government to be entrepreneurial misallocate resources, waste money, and achieve poor results.
One of the oldest and most harmful economic fallacies is the belief that, at best, economic exchange is a zero-sum activity. However, free exchange in an unhampered market is always positive.
Rent control always results in housing shortages and deteriorating housing stock. Governments and activists, unfortunately, never learn any lessons.
In Costa Rica the aguinaldo—a legally-mandated Christmas bonus—is an acquired labor right and is meant to provide workers with additional financial security.
Although he has presided over numerous economic disasters and people are leaving the state, there are many who will want him for 2028.
