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Profits and the Repeal of Price Controls & Government Subsidies

by George Reisman | Aug 16, 2022 | Economics

Farm subsidies are a way the government achieves artificially high prices. They are an illustration of legal minimum prices—that is, prices below which the government prevents the producers from selling.

Raising a Family on a Minimum Wage: The Elephant in the Room

by Brian Phillips | Aug 16, 2022 | POLITICS

If we truly want to help low-income households, then we must begin by holding individuals accountable and counsel them to make better choices.

Antitrust Lawsuit Against PGA is Unfounded

by Brian Phillips | Aug 16, 2022 | Antitrust & Monopolies

Eleven professional golfers, including Phil Mickelson, have filed an anti-trust lawsuit against the Professional Golf Association (PGA).

Inflation: John Maynard Keynes vs. The Gold Standard (3 of 5)

by Ludwig Von Mises | Aug 16, 2022 | Money & Banking

The government may think that inflation–as a method of raising funds–is better than taxation, which is always unpopular and difficult. In many rich and great nations, legislators have often discussed, for months and months, the various forms of new taxes...

Europe’s Energy Crisis Should Not Be Emulated in the United States

by Institute for Energy Research | Aug 15, 2022 | Europe

Europe’s move toward decarbonization 30 years ago has resulted in skyrocketing energy prices, the need for severe conservation, possible rationing that could shut down entire industrial sectors and likely future blackouts.

Boom in U.S. Oil Production Since 2008 Saved American Motorists Over $2 Trillion

by Institute for Energy Research | Aug 15, 2022 | Energy

It’s great to see the White House recognize that increased oil production leads to lower prices.  Their math, shows that increased domestic oil production has saved $2 trillion since 2008 and currently about $2 a gallon at the pump.

The “Right to Organize” and Freedom of Association

by Brian Phillips | Aug 13, 2022 | POLITICS

Tenants have the right to organize if they so choose. And landlords have the right to recognize those unions or not.

An Unnecessary Evil: How Canada Ended Up Insuring Bank Deposits

by George Selgin | Aug 13, 2022 | Money & Banking

If Canada’s relatively “free” banking system was so stable, why did the Canadian government establish the Bank of Canada in 1935? And why did it establish a Canadian Deposit Insurance Corporation (CDIC) some three decades later?

The Profit Motive as an Agent of Innovation and Progress, Part 2

by George Reisman | Aug 12, 2022 | Economics

The operation of the tendency toward a uniform rate of profit requires that high profits be made by continuously introducing productive innovations in advance of competitors.

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