Mises Daily

Without market competition and discipline, government has no idea what people really want. Police services are no exception.

Supporters of warfare, welfare, and Wonder Woman cheered last week as Congress passed a one trillion dollar “omnibus” appropriation bill. This funds the government for the remainder of the fiscal year. Wonder Woman fans can cheer that buried in the bill was a $10,000 grant for a theater program to explore the comic book heroine.

The current tenancy laws do not promote conflict resolution and peaceful cooperation, as laws are intended to do. Under the current regulatory system, a landlord has minimal to no benefits from providing high quality service, quite the opposite of what good laws are supposed to do.

The demand for online educational programs illustrates how useful they are in the marketplace, and the Mises Institute is already part of this new world of higher education. We seek to become the private online university of the future for Austrian economics, libertarianism, and related areas.
 

The 20 years known as the interwar years is a pivotal period both for good and ill. For anyone that revers liberty, the interwar period is absolutely crucial for understanding and interpreting today’s geopolitical circumstances. The period certainly produced a design for the world to come.

The minimum wage is just another weapon in the arsenal of the misguided progressive trying to “help” the poor. People whose productive value is less than the minimum wage are de facto unemployable. They are denied the opportunity to gain experience and skills, and their exclusion from the job market is a net loss to society.

Money is a measure of value as the ruler is a measure of length. Changing the length of a ruler, or constantly manipulating the money supply, can only create chaos.The ECB doesn’t realize that constantly changing the measuring stick makes entrepreneurial decisions much more difficult?

If we seek to eliminate or regulate insider trading, we have only to allow free competition among stock markets and eliminate legal barriers to entry. Companies would choose what stock market to list with depending upon the behavior and rules of each. Consumers always win when there is competition.

Each round of money printing eventually feeds back into the price system, creating demand for another round of money printing, and another, with each increase larger than the previous one. The law of diminishing marginal utility applies to money as it does to all goods and services.

Mary Sennholz, wife of Austrian economist Hans Sennholz and friend of Margit and Ludwig von Mises, recently spoke about her long career as a writer and editor, and as a friend and colleague of many other giants of the Austrian School. We hope her next project is a biography of her husband, Hans.