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
The financial elites of this country, notably the Morgan, Rockefeller, and Kuhn, Loeb interests, were responsible for putting through the Federal Reserve System, as a governmentally created and sanctioned cartel
In an age when deflation is widely feared and the threat of deflation serves as a justification for radical policy proposals, Bordo and Redish have done a great service in showing that deflation is not harmful to the economy,
In The Mystery of Banking, Murray Rothbard explained how the origins of central banking in the US were rooted in a lobbying effort by Robert Morris and other “nationalists”
Margo concludes what Austrian economists have surmised all along, namely that the rise in real wages during this period very closely approximated the rise in worker productivity.
Sumner was the product of an indigenous American hard-money tradition that embraced free markets, free trade, and sound banking
