Mises Wire

Oil Prices Surge, but That's Fine for Some US Interest Groups

01/07/2020Power & Market

If oil prices remain at a sustained high due to a war with Iran, it would mean a higher cost of living for most Americans, but it could help certain regions and populations within the US, such as oil-producing states like Texas and Oklahoma.

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Ocasio-Cortez is Wrong: We're Not Working 80-Hour Weeks Now

Labor and Wages

Blog11/07/2019

Some politicians are sure that even average Americans are working more grueling hours than ever. On average we have more leisure time than ever now, and working hours are down over the past 20 years.

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Old Wisdom Applied to Current Spending Proposals

Blog07/20/2019

“A billion here, a billion there, pretty soon you’re talking about real money.”

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Outlawing Jobs: The Minimum Wage

Free MarketsInterventionism

06/03/2019Mises Daily Articles
In truth, there is only one way to regard a minimum wage law: it is compulsory unemployment, period.
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On Conceptualizing Risk: Breaking the Dichotomy between Knightian Risk and Uncertainty

Austrian Economics OverviewEntrepreneurship

05/07/2019Quarterly Journal of Austrian Economics
What are the different concepts of financial risk? How do Austrian economists conceive of risk, uncertainty, and probability? Christian Hoffmann, parting ways with Mises, provides a taxonomy and cautions about the predominance of probability statistics in the realm of economics and finance.
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Occupational Licensing — An Unnecessary Evil

Blog05/04/2019

The number of jobs that require an occupational license now covers 30% of the US workforce, up from 5% in 1950.

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Ocasio-Cortez's Selective Memory on the New Deal

Poverty

Blog04/11/2019

The New Deal invigorated a bureaucratic state which had already done much to limit the entrepreneurial opportunities of Americans of all racial and economic backgrounds.

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One Reason the Modern Left Keeps Winning: They Think Long Term

03/28/2019Power & Market

A reason the left is good as what it does: it thinks big and thinks   long term. Conservatives and libertarians, meanwhile, like to give up   immediately if something seems like it might take a while, or if other   people don't embrace their ideas instantly.

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