Progressives Have Corrupted Not Only Money, but Its History as Well
As modern monetary theory (MMT) gains prominence in the political sphere, it has revitalized interest in some older theories about the origin of money—namely, the state and credit theories of money. The credit theory of money says that money is simply
Measurement in Economics
Karl-Friedrich Israel discusses modern econometrics, utility and welfare economics, and econometrics as a set of descriptive tools. Download lecture slides at Mises.org/MU23_PPT_17. Recorded at the Mises Institute in Auburn, Alabama, on 25 July 2023.
Minimum Wage
There is no clear basis in economics, ethics, efficiency, or fairness for Minimum Wage Laws. The minimum wage works the way it was intended one hundred years ago. Download lecture slides at Mises.org/MU23_PPT_16. Recorded at the Mises Institute in Auburn, Alabama, on 25
Why Employers and Families—Not Bureaucrats—Should Be In Charge of Immigration Policy
It's become common now to read arguments claiming that immigrants — broadly speaking — are good for the economy, or good for "America" in some other fashion. "Migrants and refugees are good for economies," Nature magazine claims. "Open Immigration Is Good
Competition and Monopoly
Government attempts to limit “monopoly power” cannot improve well-being. Download lecture slides at Mises.org/MU23_PPT_15. Recorded at the Mises Institute in Auburn, Alabama, on 25 July 2023.
Why Can Dogs, but Not Humans, Get Vaccinated against Lyme Disease?
Jeffrey Miron This article appeared on Substack on July 25, 2023 An interview in the Harvard Gazette with Professor of Medicine Allen Steere explains: [T]here are currently no vaccines for humans, although there are three for dogs. One had been developed in the
The Austrian Theory of the Business Cycle
What is a business cycle? Download lectures slides at Mises.org/MU23_PPT_14. Recorded at the Mises Institute in Auburn, Alabama, on 25 July 2023.
More Senators Target Financial Privacy with “CANSEE Act”
Nicholas Anthony Despite evidence that only a small fraction of cryptocurrency activity is associated with illicit activity and that cryptocurrency was not a chief source of sanctions evasion when the war in Ukraine started, a group of senators introduced the Crypto Asset National Security
The Most Exciting Moments from Monday of Mises U
This year during Mises University, we want to share the perspective of students in the program. The following are YouTube shorts from some of this year's Mises Apprentices asking fellow students about the highlights from the first full day of