Minimum-wage laws are again in the news, as Joe Biden and his political allies in Congress seek to push the national minimum from its current level of $7.25 per hour up to $15 per hour. Some politicians, Sen. Bernie Sanders for one, declare that people can barely survive even on $15 per hour. If the law takes the minimum up to $15, we can expect
We often hear these minimum wage laws are well intentioned. I cannot agree. Minimum-wage laws are evil in their methods (coercion) and evil in their goals (to make people believe they’re dependent on government). Original Article: “ My Case against Minimum-Wage Laws “ This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated
In the 19th century, the legal profession was open. There were no mandates on the kind or duration of education a person had to have. No law restricted anyone from offering his services. The only complaints were from lawyers who wanted to force “higher standards” upon the market. Today, the law profession is closed off to all but those who can
Reassessing the Presidency: The Rise of the Executive State and the Decline of Freedom edited by John V. Denson (Ludwig von Mises Institute, 2001, 745 pages) $35.00. Imagine that there is an equivalent of the Academy Awards for politicians. We have just gotten to the big moment. “And the Oscar for Greatest President goes to . . . . um . . . .
According to a recently released report, the high cost of attending law school is making it hard for government agencies and “public interest”organizations to recruit good new lawyers. You may be inclined to laugh and say, “So what’s the problem?” but the report—” From Paper Chase to Money Chase ,” released by a group named Equal Justice
The Byzantine US income tax code is the subject of innumerable complaints and the Internal Revenue Service is often vilified. One complaint that is not often heard, however, is this: “There are way too few audits!” Currently, the IRS only audits a tiny fraction of the tax returns filed each year. Less than one-fifth of one percent of taxpayers had
[This review first appeared in the Freeman .] The Left, the Right, and the State , a collection of 103 essays by Llewellyn Rockwell, looks at the ways both the left and right use the State to pursue their goals. Rockwell, president of the Ludwig von Mises Institute, argues forcefully that our liberty and property are endangered equally by
The Free Market 16, no. 11 (November 1998) In the nineteenth century, the legal profession was open. There were no mandates on the kind or duration of education a person had to have. No law restricted anyone from offering his services. The only complaints were from lawyers who wanted to force “higher standards” upon the market. Today, the law
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.