How Unions Reduce Real Wages
The actual policies that labor unions have systematically followed from the beginning of their existence have in fact reduced the real wages of the workers as a whole below what they would otherwise have been.
Mises Wire
How Bernie Sanders and Elizabeth Warren Are Channeling Venezuela’s Hugo Chávez
That so many voters, pundits, academics, and media figures are taken in by the Warren-Sanders wealth confiscation and redistribution schemes does not bode well for our economic and political future.
Chile’s Economic Model Is a Success Story in Crisis-Prone South America
Where’s the Inflation? It’s in Stocks, Real Estate, and Higher Ed
Price inflation is probably down in energy, food, and apparel. But asset price inflation in stocks and real estate is significant. This means high rents and high home prices for ordinary people.
The Disaster of Zimbabwe’s Price Controls
Zimbabwe's government has embraced a potent mixture of monetary inflation and price controls. The result has been economic disaster.
The Economic Consequences of the Peace: 100 Years Later
John Maynard Keynes's stance on German reparations in the wake of the First World War may have precipitated the rise of Hitler.
Medicare and Medicaid Destroyed Healthcare
Medicare and Medicaid ended up destroying the finest healthcare system in history, and the healthcare crisis has become a permanent part of American life.
The US Economy Is Being Japanified — Thanks to the Fed
Central bankers are increasingly talking about raising the inflation target above 2 percent. Are negative interest rates next?
Is 150 Years of Bank Credit Expansion Nearing Its End?
Central bankers want to find a means of resetting everything, exploring solutions such as digitising currency through blockchains, doing away with cash, and finding other avenues to try to control the so-called vagaries of free markets.
Violence, Homesteading, and the Origins of Private Property
Even if we find that property was privatized by violence back in the mists of the past, it is not the slightest proof that the abolition of ownership is necessary, advisable, or morally justified.
