Mises Wire

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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Only Capitalism Will Save the Millennials

Big GovernmentSocialismEntrepreneurship

Blog03/16/2019

The endpoint of the existing system of party democracy, social welfare, and state capitalism is state bankruptcy, misery, and suppression.

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Ownership, Scarcity, and Economic Decision Making

Calculation and Knowledge

03/12/2019Quarterly Journal of Austrian Economics
By improving our understanding of scarcity, we can greatly improve our understanding of economics overall.
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