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.
The whole concept of the "living wage" was once a benchmark used to evaluate the worth of a human being. That is, if you couldn't earn a living wage, you were ripe for sterilization.
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.
Thanks to relentless government intervention, the economy in Brazil is in deep trouble. Anyone familiar with Austrian business cycle theory, however, could have predicted the current troubles long ago.
