A recent article in the Wall Street Journal is a perfect example of how bad economic arguments in support of good ends can be easily twisted and used to confuse the general public (Gwendolyn Bounds, “ Argument for minimum-wage boost ,” 7/27/04, p. B3). When we engage in poor reasoning and faulty economic logic in support of a noble cause, we can
The recent upward spike in gasoline prices (particularly those following natural disasters) has unleashed a torrent of theories attempting to explain the pricing behavior in gasoline markets. From the Internet to television media pundits to the local newspaper editorial pages, and from political ideologues both left and right, it seems everyone
The Free Market 23, no. 9 (September 2003) A s the payday lending industry has grown rapidly over the past decade, particularly in lower-income and minority communities, the usual critics of free-market commerce have found yet another capitalist whipping boy ripe for attack. These critics, often posturing as “consumer advocates,” charge that
The Free Market 24, no. 9 (September 2004) A recent article in the Wall Street Journal is a perfect example of how bad economic arguments in support of good ends can be easily twisted and used to confuse the general public (Gwendolyn Bounds, “Argument for minimum-wage boost,” 7/27/04, p. B3). When we engage in poor reasoning and faulty economic
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.
