One of the most important principles of economics is that people respond to incentives. You get more of whatever you incentivize. You get less of whatever you disincentivize. This is irrefutable. The supplemental unemployment payment does both—it incentivizes people not

Download lectures slides at Mises.org/MU21_PPT_03. Recorded at the Mises Institute in Auburn, Alabama, on 19 July 2021.

Download lecture slides at Mises.org/MU21_PPT_01. Recorded at the Mises Institute in Auburn, Alabama, on 19 July 2021.

Vaccine mandates are coming. Good, said Indiana University chief health officer Aaron E. Carroll.  “When it comes to incentives, most people like carrots,” Carroll wrote in his New York Times essay. “Sometimes, though, people need sticks.” Carroll laments the fact that incentives

Recorded at the Mises Institute in Auburn, Alabama, on 18 July 2021.

New York was the toughest nut for the Federalists to crack. For here was one state where not only was the population overwhelmingly opposed to the Constitution, but the opposition was also in firm and determined control of the state

From 1965 to 1995, Botswana recorded the fastest rate of economic growth in the world. The spectacular success of Botswana has baffled many analysts, because after securing independence in 1966, Botswana's prospects were unpromising. After all, Botswana is landlocked and on

Old, absurd, and unfit for purpose; how else to describe the “new” monetary framework for euro monetary policy presented by ECB Chief Lagarde amidst much fanfare on Thursday, July 8? Why old? The “new” framework is remarkably similar to that unveiled