The Clock is Ticking in Switzerland
While other countries were undermined by the promises politicians made with a printing press, the Swiss economy prospered thanks to the discipline provided by gold.
The Doctor-Laborer Inversion
The battle over minimum wage is raging. Emotions are running hot. Some cities are setting the bar very high. For example, Seattle is mandating a $15/hour wage. Economically, the issue is very simple. Minimum wage laws do not raise anyone’s wage. This is because it’s...Place Your Bets: Bootleggers and Baptists
Bills to legalize betting go nowhere in Congress. Casinos oppose them because they don’t want competition. They are joined by people who consider gambling immoral.
Can Racial Discrimination Explain Much?
How much of what we see is caused by discrimination?
Does Government Regulation Make Us Safe?
Proper protection of individual rights by government and private licensing and certification programs would make us safer (100% safety for fallible and mortal beings is impossible)—no regulations and government inspectors needed.
Opinions Versus Facts: Michael Brown, Officer Wilson and The Ferguson Riots
Who benefits from the Ferguson riots?
Altruism Means Self-Sacrifice, not Benevolence
Benevolence does not require self-sacrifice.
Israel Kirzner: Entrepreneurship, Competition and the Market Process
On October 13th, the 2014 Nobel Prize in Economics was announced in Stockholm, Sweden, with French economist, Jean Tirole, the recipient for his work on developing models to better assist governments in regulating private enterprise. A couple of weeks earlier, Reuters...Elite Contempt for Ordinary Americans
Focusing only on Professor Gruber’s arrogance, we ignore the more important fact that he is highly representative of the academic mindset — the people who are brainwashing our youngsters.
