Human Action and Man, Economy and State in the History of Thought
Recorded at Mises University 2003.
Austrian Economics Overview
Displaying 1711 - 1720 of 1948
Money and Prices
Many believe that if governments would just issue greater quantities of money then all problems would be solved. In truth that would create unsurmountable problems by lowering the purchasing power of each money unit. Money is the one good that is not made better by increasing its supply.
Labor
Minimum wage laws force unemployment up. All of those with few skills looking for an entry position will be denied because they cannot add enough value to the business labor field to be paid minimum wage. Unemployment follows minimum wage hikes. Marginal workers are being denied the labor market.
