Mises Wire

Minimum Wage, Maximum Discrimination

Bureaucracy and Regulation

Blog9 hours ago

Eugenicist Progressives introduced the minimum wage, because it was well suited to perform the Progressives’ dirty work of discriminating against (what they considered) the least productive by making them unemployable.

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American Households Made Economic Gains before Covid, but This Progress Can Be Lost

U.S. EconomyU.S. History

Blog02/26/2021

Before 2020, there were growing signs of increasing economic prosperity for a wide variety of income groups in America. Whether or not this prosperity survives covid lockdowns and ever higher levels of government regulations remains to be seen.

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The Dangers Lurking behind a Digital Euro

Money and Banking

Blog02/26/2021

As soon as cash has been pushed back or stripped away entirely, monetary policymakers can implement an uninhibited negative interest rate policy to devalue debt. Customers can no longer get out of the “bank balance sheet”; the final escape door is then locked. 

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Japan's Well-Fed Zombie Corporations

Money and Banking

A growing number of fragile and deeply indebted enterprises have become more dependent on government bailouts, loans, subsidies, short-time working benefits, and loans from central banks. 

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The PRO Act Is Not Just a Union Handout—It's an Assault on the Freedom of Association Itself

U.S. History

Blog02/25/2021

The bill’s supporters may talk about how it will give workers the ability to choose to organize at work, but much like the mafia, this bill will ensure that the choice to unionize is one that workers can’t refuse.

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Why the Capitol Riot Terrified the Elite

U.S. History

Blog02/25/2021

The media-government alliance has clamped down against the populist right harder than ever before. Yet, one can sense a hint of panic within establishment ranks that the threads of their dominance may finally be unraveling.

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When Is Short Selling Fraudulent?

Financial Markets

Blog02/24/2021

Shorting more than the total outstanding shares isn’t perverse or fraudulent, whereas naked short selling—depending on the context—might be.

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The Greatest Thing the Roman Empire Ever Did Was Go Away

World History

Blog02/24/2021

Scheidel contends that the fall of Rome precipitated the kind of competition-driven innovation that made modernity possible in the first place. Rome’s greatest gift to posterity is that, in disappearing, it made room for the West to rise.

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