Three months ago, the CEO of Gravity Payments, a Seattle credit card processing firm, announced that all of the firm’s employees would be paid a minimum of $70,000 a year. Now, the firm has fallen on hard times.
The marginalist revolution posed a fundamental problem for economic theory. Mises’s approach not only solved the problem of economizing resources in a division of labor, but provides a robust framework for economic research.
Compiled by Edward W. Fuller Edited with an Introduction by David Gordon Are you a Murray Rothbard fan? Do you love his writing? His clarity and style? His razor-sharp economic analysis? His penchant for slaying sacred cows? One of the most remarkable aspects of Murray Rothbard's career wasn't...
It is commonly overlooked that the decline of the family as an institution is caused in part by fiat inflation. Perennial inflation slowly but assuredly destroys the family, thus suffocating the earthly flame of morals.