The government’s anti-drug propaganda fingers as the culprit . . . the government - specifically its giveaway programs camouflaged as disability payments. The enclosed propaganda from Time Magazine for this week indicates that crime and abuse of prescription Oxycontin are rampant in a Virginia county, over 25% of whose residents are on disability.
... Erhard, that is, somehow overlooked to provide Germany with a minimum-wage law. So, this Wired article reports, a Web site encouraging candidates to bid low to get jobs have to adhere to the site-specific “minimum wage” of 3 Euros per hour, which is lower than the statutory minimum in the United States. Among the reasons given in the article
What’s discouraging about the statism of this piece from wired.com is how reflexive and totally unexamined it is. The assumption that government intervention is required or even desirable is hardly stated, much less examined or questioned. It is, rather, proceeded from without further ado. That hoary term so reviled by market economists,
So, here’s a study from the Bank of England in which the setting of interest rates by a notional central bank for a modelled economy is found to be consistently better when done by committees than when done by lone members of these committees. It tempts one to propose an extended experiment with bigger committees. In fact, the committees could be
A perennial among the nostrums of statist “economists” is complaining about the populace’s penchant for buying and holding precious metals, notably gold. The French used to be mentioned frequently in this vein. FDR, of course, just made it illegal for Americans to own gold bullion or coin after 1933. So it’s tiresome and worrisome to see the
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.