Mises Wire

Bernie Sanders Might Learn Something from Venezuela's Minimum Wage Experiment

Bureaucracy and RegulationMoney and BanksMoney and Banking

Blog09/24/2018

Rothbard: "if proponents of the higher minimum wage were simply wrongheaded people of good will, they would not stop at $3 or $4 an hour, but indeed would pursue their dimwit logic into the stratosphere."

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Bureaucracy and the Civil Service in the United States

Media and CultureCalculation and KnowledgePolitical Theory

09/14/2018The Journal of Libertarian Studies
One of the most important sociological laws is the "Iron Law of Oligarchy": every field of human endeavor, every kind of organization, will always be led by a relatively small elite.
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11_2_1_0.pdf

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Blame the Fed — Not Investors — For Asset Bubbles

Money and BanksMoney and Banking

Blog09/12/2018

New York Fed Chief Dudley recently suggested asset bubbles "emerge from the way market participant’s process information and trade" — thus ignoring the role of the central bank.

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Bernie Sanders-Endorsed Florida Man Threatens America's Freest Economy

Big GovernmentTaxes and SpendingU.S. Economy

Blog08/29/2018

Under Andrew Gillum, the Sunshine State would come to look more like Alexandria Ocasio-Cortez’s New York.

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British Manufacturing Slumps as Bank of England Raises Interest Rates

Booms and BustsBusiness Cycles

Blog08/14/2018

"Higher order" industries like manufacturing and mining are particularly sensitive to changes in interest rates. And it doesn't look like anything's different this time around.

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Big Plans for the Jeddah Tower Continue as Asset Prices Boom

Booms and Busts

Blog08/07/2018

The Jeddah Tower in Saudi Arabia remains listed for “completion” in 2020. Will its completion trigger a new Skyscraper Curse?

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British Left Unveils Plan to "Weaponize" the Bank of England

Money and BanksMoney and Banking

Blog07/30/2018

The Labour Party wants the Bank of England to actively promote certain industries over others, not realizing that the Bank has already been doing this indirectly for decades.

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