Postwar Germany was occupied, in ruins, with an economy in chaos. Germans were reduced to using cigarettes supplied by American GIs as money. Original Article: "To Smoke or Not to Smoke: The Cigarette Economy in Postwar Germany, 1945–48"
Pennsylvania has no state minimum wage. Currently, the law of the land is the federal minimum wage that sits at $7.25 per hour. Not having a state minimum wage can be immensely beneficial assuming that the general business climate is amenable to growth. Pennsylvania definitely
Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2023.
Entrepreneurship is a general feature of the market economy. Download the slides from this lecture at Mises.org/MU22_PPT_09. Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2023.
"We would not expect money to be paper, national, or under the control of any entity." Download the slides from this lecture at Mises.org/MU22_PPT_07. Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2023.
Loan banking versus deposit banking, how deposit banking affects the money supply, how free banking limits credit expansion, the money multiplier process, and more. Download the slides from this lecture at Mises.org/MU23_PPT_08. Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2023.
The recent University of Michigan survey’s reading of one-year price inflation expectations rose to 3.4 percent in July from 3.3 percent in June. The five-year outlook also increased to 3.1 percent from 3.0 percent in the previous month. There is a mainstream narrative that is growing all over
Kayla Susalla In the 2019–20 school year – the most recent with federal data – 51.4 percent of public schools possessed an armed, sworn, law‐enforcement officer. School Resource Officers (SROs) are police officers with a community‐oriented approach intended to increase safety by mitigating crime, violence, and other
Michael F. Cannon Health care in the United States is such an expensive mess, no one wants to take credit for it. Patients and their families go out of their minds dealing with it. Health care devours a growing share of workers’ earnings every year. Politicians in
"The free market and the division of labor does not promote hyper-atomized individuals. It creates social harmony and community." Download the slides from this lecture at Mises.org/MU23_PPT_06. Recorded at the Mises Institute in Auburn, Alabama, on 24 July 2023.