To Smoke or Not to Smoke: The Cigarette Economy in Postwar Germany, 1945–48
Postwar Germany was occupied, in ruins, with an economy in chaos. Germans were reduced to using cigarettes supplied by American GIs as money. Original Article: "To Smoke or Not to Smoke: The Cigarette Economy in Postwar Germany, 1945–48"
Pennsylvania’s Minimum Wage Conundrum
Pennsylvania has no state minimum wage. Currently, the law of the land is the federal minimum wage that sits at $7.25 per hour. Not having a state minimum wage can be immensely beneficial assuming that the general business climate is
The Pentagon and Me: Curiosity vs. the State
Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2023.
Entrepreneurship
Entrepreneurship is a general feature of the market economy. Download the slides from this lecture at Mises.org/MU22_PPT_09. Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2023.
Money
"We would not expect money to be paper, national, or under the control of any entity." Download the slides from this lecture at Mises.org/MU22_PPT_07. Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2023.
Banking
Loan banking versus deposit banking, how deposit banking affects the money supply, how free banking limits credit expansion, the money multiplier process, and more. Download the slides from this lecture at Mises.org/MU23_PPT_08. Recorded at the Mises Institute in Auburn, Alabama, on 24 July
Price Inflation Slowed to 3 Percent. That’s Still Far Too High.
The recent University of Michigan survey’s reading of one-year price inflation expectations rose to 3.4 percent in July from 3.3 percent in June. The five-year outlook also increased to 3.1 percent from 3.0 percent in the previous month. There is a mainstream narrative
School Resource Officers: Is Police Presence in Schools Doing More Harm than Good?
Kayla Susalla In the 2019–20 school year – the most recent with federal data – 51.4 percent of public schools possessed an armed, sworn, law‐enforcement officer. School Resource Officers (SROs) are police officers with a community‐oriented approach intended to increase safety by
The Original Sin of U.S. Health Policy
Michael F. Cannon Health care in the United States is such an expensive mess, no one wants to take credit for it. Patients and their families go out of their minds dealing with it. Health care devours a growing share of workers’
The Division of Labor and Social Order
"The free market and the division of labor does not promote hyper-atomized individuals. It creates social harmony and community." Download the slides from this lecture at Mises.org/MU23_PPT_06. Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2023.