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Bureaucracy and RegulationCapitalismEuropeWorld HistoryPhilosophy and MethodologyPolitical Theory
Although most of Europe has long forgotten Misesian thinking, Prince Michael of Liechtenstein is an exception.
Economic PolicyLabor and WagesProgressivismUnemployment
Forcing the minimum wage above the real market wage causes more unemployment. Small businesses suffer from these mandates as do the least productive workers.
PoliticsProtectionism and Free TradeThe Police StateWar and Foreign Policy
The recent declaration of the G7 sounds more like "we want to rule the world" than "we want peace." Other nations are tired of the West's phony Rules Based Order.
Other Schools of ThoughtPhilosophy and MethodologyPraxeology
One of the standard doctrines of mainstream economics is that the assumptions of a model do not have to reflect reality. Austrian economics vociferously disagrees.
The FedMonetary PolicyMoney and BanksU.S. Economy
As Washington cheers the so-called budget deal, the real problems loom. Liquidity issues are next.
Media and CultureSocialismWorld History
Einstein might have been one of history's most brilliant men, but even his great mind could not have made socialism work. Unfortunately, he wasn't smart enough to see that.
Money and Banks
The world is changing, and in the coming five years we'll see how accelerating debt, declining demand for dollars, and rising price inflation will show how deficits do matter, after all.