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Many people think that a universal basic income (UBI) would be a good substitute for the welfare state. Under this proposal, each person resident in a country would receive a guaranteed income, sufficient to live at a modest level. People

As I write, the Democratic Congress is contemplating various measures designed to alleviate poverty levels in the United States. They include: the doubling of the minimum wage; the expansion of child credits. Let’s review both. The Minimum Wage Hike Congress intends to

Allen Mendenhall joins the show to expand last week's discussion on the intellectual state of America. Are we living in a decidedly anti-intellectual age, or has America always been predisposed toward doers over thinkers? Have Americans simply stopped reading books? Have

Traditionally, Austrian theorists have focused with particular interest on the recurrent cycles of boom and recession that affect our economies and on studying the relationship between these cycles and certain characteristic modifications to the structure of capital-goods stages. Without a

If we looked at most investment bank outlook reports for 2021, one of the main consensus themes was a strong conviction on a rapid and robust eurozone recovery. They were wrong. This week, Capital Economics joined other analysts and downgraded the eurozone growth,

Readers of the Mises Wire are no doubt familiar with the negative consequences of central banking and the inflationary capacity of fiat currency and how such a system drives malinvestment and leads to boom-bust cycles. Not only does the business

The socialists have engineered a semantic revolution in converting the meaning of terms into their opposite. In the vocabulary of their “Newspeak,” as George Orwell called it, there is a term “the one-party principle.” Now etymologically party is derived from the

Leave Me Alone and I’ll Make You Rich: How the Bourgeois Deal Enriched the Worldby Deirdre Nansen McCloskey and Art CardenUniversity of Chicago Press, 2020xvii + 227 pages McCloskey and Carden endeavor to explain one of the most striking facts of

Benjamin Boyce is a writer, interviewer, and filmmaker who rose to fame by relaying his experiences as a student during the infamous Evergreen State protests in 2017. He talks with Bob about the lessons we can learn as the rest

Both Ludwig von Mises and Abraham Maslow understood that unless we first secure the benefits of economic progress, it becomes impossible to pursue higher human wants and needs. Original Article: "Economic Prosperity Is a Prerequisite for All Other Kinds of Prosperity​" This