A logical and inquisitive letter to our President from two established professors of Economics in VA. 17 February 2013 Mr. Barack Obama, President Executive Branch United States Government 1600 Pennsylvania Ave., NW Washington, DC Dear Mr. Obama: In this year’s State of the Union Show you called for the hourly minimum-wage to be raised from […]
A whimsical children’s tale to help explain the wonders and audacious logic of tariffs. == Tank Thompson, wild-eyed and grinning, cut off his own ear at recess. Nobody knew why. Maybe it was a dare no one heard … or just a storm inside him finally breaking loose. Blood slicked his neck. He held the […]
What people today call inflation is not inflation, i.e., the increase in the quantity of money and money substitutes, but the general rise in commodity prices and wage rates which is the inevitable consequence of inflation. ~Ludwig von Mises
