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Minimum wage laws increase joblessness, so French and German workers use minimum wages to drive Eastern European workers out of the market.
Legal SystemThe Police StateInterventionism
Many encounters will police escalate to the point of violence because the list of criminal offenses is so long, and the penalties are so draconian.
Global EconomyMoney and BanksInterventionism
Nearly everywhere on the planet the giant financial bubbles created by the central banks during the last two decades are fracturing.
Global EconomyInterventionismPhilosophy and Methodology
Central planning relies on successfully predicting the future. Unfortunately for central planners, this is an impossible task.
Global EconomyMedia and CultureMoney and BanksInterventionism
Our most popular articles from June.
Economics, as we have now seen again and again, is a science of recognizing secondary consequences.
Media and CultureStrategyInterventionism
This week, the EU suggested that it would no longer allow English as an official language, and the Irish will speak Gaelic instead.
The GDP framework and the output gap is an abstraction that does little more than provide justification for the interventions of government officials.
Media and CultureU.S. EconomyInterventionism
Gun control advocates continue to narrowly define the "developed" world in order to make the US seem strange and isolated in this regard.
Global EconomyWorld HistoryInterventionism
The EU is a case par excellence illustrating the failure of economic interventionism. Britain would be wise to leave it behind.