The Incentives of the Minimum Wage
We should stop asking if workers deserve a “living wage” and start asking if the minimum wage actually helps workers obtain one.
Mises Wire
40 Years of Pummeling the Postal Service
At this point, the Postal Service is rapidly becoming little more than an income maintenance program for the 630,000 employees.
Another Great New York Deli Closes: A Story of New York’s Misrule
Powerful Manhattanites hand down the laws the rest us of New Yorkers must follow. Many lives and businesses are ruined as a result.
Expect More Instability, Corruption, and Crime from Mexico’s AMLO
What does this sea-change in the political landscape mean for Mexico?
An Open Letter About Anti-Russian Paranoia
Talking about Russian imperialism is the modern version of talking about what fine clothes the Emperor is wearing in that fairy tale.
A Tax on Imports Might as Well Be a Tax on Exports
The Constitutional ban on export duties has always been a hollow victory. Export tariffs are analytically equivalent to import tariffs.
Scott Sumner Wants to “Modernize the Fed” — This is What He Gets Wrong
The goal should not be to make quick daily decisions that look like market data — it should be to make correct decisions that are market data.
Trump’s Senseless Trade War with China
Trump’s trade war is not about about being patriotic or protecting American businesses. It is about politics and bad economics.
Three Economics Lessons I Learned from My Dad
Business owners understand that the key to prosperity is to reduce costs and deliver more goods to the customer. Wage workers, however, often want higher prices in order to "protect" their jobs.
All Is Not Well In Financial Markets
As investments — previously thought to be profitable — turn out to be flops, firms will start liquidating unfinished projects and layoffs will begin.
