There is a Rich Man and a Poor Man. The Rich Man makes $1,000 per day. The poor man makes $10 per day. The difference in their income is $990 per day. The Rich Man builds a factory. He gives the poor man a job there. Now the poor man […]
Source: https://mises.org/ The Mises Institute, founded in 1982, is an educational institution devoted to advancing Austrian economics, freedom, and peace in the classical-liberal tradition. For over 30 years the Mises Institute has provided both scholars and laymen with resources to broaden their understanding of the economic school of thought […]
Source: ‘Venezuela Runs Out of Toilet Paper, Acheives True Socialism’ by David Boaz for CATO/FEE In 1990 I went to a Cato Institute conference in what was then still the Soviet Union. We were told to bring our own toilet paper, which was in fact useful advice. Now, […]