How Truly Free Markets Help the Poor

Tags: Private Property, Big Government, Free Markets

02/14/2015 Ryan McMaken

Free markets have provided an abundance of goods and comforts for even low-income households. But constant government intervention in the work, lives, and incomes of the poor continues to create many barriers to economic success, writes Ryan McMaken.

See here, here, and here for more information on how the minimum wage makes low skilled workers legally unemployable.

This audio Mises Daily is narrated by Clay Barnett.

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.