Economists Robert Shiller and George Akerlof would have us believe that the market sells us things we don’t really want. That’s not true, but even if it were, the proposed solution — government — is even less likely to give us what we want.
Last week, the Bank of Canada announced it would stay at 0.5 percent for its target overnight rate (the equivalent of the Federal Funds Rate in the US).
Many advocates for free markets often mistakenly speak of "the market" as if markets by themselves somehow solve problems or provide incentives. Only people can do these things, and markets are just a means to an end.
Today's Mises Daily outlines some of Mises’s ideas about the economics of immigration. As always, Mises is thoughtful and perceptive, and continues to offer fresh insight decades after his death.
Ludwig von Mises understood that, when it comes to the movement of capital and labor across the borders of nation-states, only the ideology of freedom and free markets can lead to peaceful and fruitful collaboration between states and societies.
Beginning this week, Business Insider now reprints selected articles from Mises Daily and Mises Wire, and will bring Mises.org content to a new and large demographic and audience.
