The trucking industry has historically offered many opportunities for small-scale owner-operators and laborers alike. Government management of the industry, however, from environmental regulations to labor guidelines, have cut deep into trucker productivity, all the while raising prices for both consumers and producers who depend on trucking.
My journey with Austrian economics and the Mises Institute began in 1992.
Supporters of minimum wage hikes claim that such hikes have little or no effect on employment, but the law of demand makes it clear that the effects of such price controls are very real.
The Fed and it’s friends blamed cold weather for much of the year’s lackluster economic growth.
Amateur social scientists such as Norbert Wiener (a professional mathematician) predicted, in 1949, that we faced “a decade or more of ruin a
Butler Shaffer's well-written monograph, In Restraint of Trade, describes in extensive detail why and how most businessmen pleaded for the government to tame them between the end of World War I and the eve of World War II.
Austrians have demonstrated that recessions—and depressions—are the inevitable result of central bank intervention in the economy.
It is suggested in Daniel Kuehn’s article in this issue (2011) that MacKenzie (2010) is wrong about Hoover’s effectiveness in pushing a high wage policy that caused high unemployment.
Every economist who regards himself or herself as a free-market theorist and advocate should acquire, read, and retain this paean to planning and interventionism as a valuable reference—especially if he or she is also a political libertarian.
Kaza reviews Alan Greenspan's book The Age of Turbulence: Adventures in a New World. Kaza asks "Which social acquaintance will defend Greenspan against the charge the seeds of the greatest
