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Source link: http://archive.mises.org/20930/mises-daily-monday-february-06-2012/

Mises Daily: Monday, February 06, 2012

February 6, 2012 by

“Withholding Consent from the Khan” by Peter C. Earle

Rather than utilize the suspicious paper chits issued by the Khan’s local governor, Tabrizians either fled the city or remained and subsisted on emergency food stores, sometimes raiding the gardens of neighbors who had left. Merchants refused to transact or trade; tents in bazaars stood empty.

“Minimum-Wage Rates” by Ludwig von Mises

The market wage rate tends toward a height at which those eager to earn wages get jobs and those eager to employ workers can hire as many as they want.

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