Mises Wire
Knowledge and Markets: a Lesson from McDonald’s
I write this from the playground at a McDonald’s just off of Interstate 81 in Harrisonburg, Virginia, where we’ve just finished a predictable McDon
Unpaid Internships, Labor Legislation, and Inequality
People respond to incentives. When governments change incentives, people respond in ways that produce unintended results.
Should we be writing about fundamentals or wrangling over difficult internal issues?
Let’s just take it for granted that there needs to be a division of labor: some people covering fundamentals and others working on difficult inside
I had no idea that the Fed was so wonderful!
Lots of great Fed propaganda posters here, from yesteryear
Minimum wage and the disabled
Turns out there is a second minimum wage — a minimum wage for the disabled (currently, the minimum is effectively zero).