My Case against Minimum-Wage Laws
Minimum-wage laws are again in the news, as Joe Biden and his political allies in Congress seek to push the national minimum from its current level of $7.25 per hour up to $15 per hour. Some politicians, Sen. Bernie Sanders
Dr Cyrus Poonawalla: India’s Vaccine King
Cyrus Poonawalla is one of India’s and the world’s wealthiest businessmen. With a net worth of $13.2 billion, the 80-year-old is India’s 12th richest person. He nearly five-folded his net worth in a decade, according to Forbes. His enterprise, which
The Electoral College as a Restraint on American Democracy: Its Evolution from Washington to Jackson
When the American colonies declared their independence from Britain in 1776, the fundamental principle underlying the new government they created was the principle of liberty. To the Founders, liberty meant freedom from government oppression, because at that time, government was
Why Producer Prices (Like Lumber Prices) Are Rising Faster Than the CPI
Why have prices of building materials soared while consumer prices are relatively stable? This is easier to understand once we reject the myth of monetary neutrality and see how price inflation enters the market in different ways. Original Article: "3 Common
The Phillips Curve Myth
According to a popular way of thinking, the central bank can influence the rate of economic expansion by means of monetary policy. It is also held that this influence carries a price, which manifests itself in terms of inflation. For
3 Common Criticisms of Crypto—and Why They’re Wrong
Peter Schiff is a well-known critic of bitcoin, and while he is an excellent resource on many economic and political topics, he misses the mark on cryptocurrency. Original Article: "3 Common Criticisms of Crypto—and Why They're Wrong" This Audio Mises Wire is
Cryptocurrencies and China Imperil the Reserve Currency Status of the US Dollar
In his book Denationalisation of Money, F.A. Hayek argued that governments have never devoted their power to providing proper money over time. They “have refrained from grossly abusing it only when they were under such a discipline as the gold
Give Books to Mises U Graduates and Get a Mises Bumper Sticker!
With your support, the Mises Institute can send Mises U students home with a stack of Austrian classics such as America's Great Depression, Where Keynes Went Wrong, and Economics in One Lesson. After their week of destroying every preconceived, state-curriculum notion of how
Is a Green Bubble forming?
A green bubble refers to an over investment in renewable energy companies and technology. It is a term that has started attracting attention in the last 10-15 years because of the growing interest in alternative energy sources. Some of the
The Real Trickle-Down Effect: Making “Luxuries” Affordable to Regular People
The "trickle down" effect is real in how capitalists are motivated to expand affordability of their products and services. Mobile phones and air travel were once just luxuries enjoyed by a select few, but are now widely affordable. Original Article: "The