Category: Economics
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Sweatshops best alternative for some workers
While sweatshops are not the place most Americans would choose to work, they are often the best alternative available to workers in some countries. Pay is low compared to U.S. standards because worker productivity is low, and the process of economic development will lead to increases in productivity and pay. But most policies promoted to…
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Job creation at young firms declines
A new report by the Kauffman Foundation holds unsettling information for the future of job growth in the United States.
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Federal grants seen to raise future local spending
Not only are we taxed to pay for the cost of funding federal and state grants, the units of government that receive grants are very likely to raise their own levels of taxation in response to the receipt of the grants. This is a cycle of ever-expanding government that needs to end, and right now.
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Public opinion on debt ceiling and government spending
While the economic future of the United States seems grim, the encouraging news is that large swaths of Americans are starting to understand the reality of the situation and what must be done to place our economic house in order.
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Speculators, by profiting, provide a service
When speculators earn profits, they are at the same time providing a valuable public service.
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Economic freedom leads to better lives for all, says video
Economic freedom, in countries where it is allowed to thrive, leads to better lives for people as measured in a variety of ways. This is true for everyone, especially for poor people.
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Hazlitt’s ‘Economics in One Lesson’ relevant today
Economics In One Lesson, first published in 1946 and recently reissued by the Ludwig von Mises Institute, explains fallacies (false or mistaken ideas) that are particularly common in the field of economics and public policy.
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Ludwig von Mises: A quick introduction
A short book available online lets readers become acquainted with the ideas of Ludwig von Mises and why his ideas are important to freedom and liberty.