Wishing people had higher wages doesn't change the fact that it's impossible to make people richer by merely passing a law. Workers can only sustainably be paid more if they produce more. Fortunately, markets offer an answer to this problem.
Usually, in the marketplace, the billionaire gets his billions when he provides a service that enormous numbers of people are willing to voluntarily pay money for.
Among the fallacies Mises debunked in his first book were those of the chartalists - the predecessors of Modern Monetary Theory.
Abuse of power by police won't magically disappear if racism does. There are still plenty of reasons for police to abuse power, and few reasons for the public to believe that police will be held accountable.
The Eurozone's massive "green" policy plan has the EU facing high unemployment, stagnating growth, and energy bills of twice as much as seen in the US.
People are not economic automatons who necessarily arrange their families in ways that advertisers and employers want them to.
Social media giants enjoy a cocktail of government contracts, government favoritism, and government-granted monopoly power. As a result, it will be difficult for new startups to offer much competition.
The authors of this plan apparently believe that all it will take is for the government to direct massive amounts of money toward these new projects, and everything else will fall into line
Today would have been the 90th birthday of Burt Blumert, a key figure in the modern libertarian movement.
Even in the heyday of liberalism only a few people had a full grasp of the functioning of the market economy.
