Mises Institute
Monday, June 10, 2024
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Employment Flatlines for Eleventh Month as Biden Claims Historic Job Gains
Ryan McMaken
As total (mostly part-time) "jobs" rose 273,000 in May—thanks largely to made-up numbers—total employed workers fell by 408,000 people.
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The Unsustainable AI-Driven Lending Boom
Douglas French
The endless bubble economy has a new lending craze: loans backed by AI chips. The problem is that while the chips serve as collateral, companies right now cannot make enough revenue to cover their costs.
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The Minimum Wage
Minimum wage laws don't have to be politically divisive. Can minimum wage policy achieve shared goals and values?
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Is the Dollar the Global Reserve Currency Because There Is No Better Alternative?
Bob welcomes Joakim Book.
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Oil Prices Show Weakening Demand, but Not Because of Electric Cars
Oil prices have weakened in recent weeks despite the war in Gaza and rising geopolitical risk. This points to overall economic contraction.
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The Biden Administration Uses Fudged Numbers to Justify Imposing Punitive Regulations
In order to vastly expand the regulatory state, the Biden administration is using fake cost-benefit ratios to make its regulations seem less costly and more beneficial.
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Do You Know Who’s Hitting You?
While our political “leaders” insist that the government is “protecting” us, it offers the same kind of “protection” that mobsters offer: pay us to “protect” you, or we burn down your place with you in it.
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Cronyism in America: How the AMA Cartelized the Medical Profession
In the Progressive Era (1897 to 1929) the American Medical Association made an effort to restrict the supply of doctors.
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A Century of War: Lincoln, Wilson, and Roosevelt
The twentieth century was the bloodiest in all history—not coincidentally a century of statism.
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