In a free market, wealth inequality is good for the poor. For example, airlines offer First, Business, and Economy classes to charge different prices for different (and unequal) levels of comfort and service. Those who purchase higher-priced tickets for extra comfort help cover the fixed costs of the airline, enabling it to offer more affordable prices for economy seats. If the government were to mandate that airlines only offer economy class tickets, airlines would not be able to segment the market effectively. They might need to increase the price of economy tickets to cover costs, especially if they can’t charge premium prices to other passengers. This would limit accessibility for budget-conscious travelers, reducing overall consumer satisfaction, and potentially leading to less efficient use of airline capacity. So, inequality is not the problem. In fact, it may be beneficial for the poor.

“DEI is a pervasive system of legalized racial discrimination.” — Wanjiru Njoya at #MisesU

“Education rears disciples, imitators, and routinists, not pioneers of new ideas and creative geniuses... The mark of the creative mind is that it defies a part of what it has learned or, at least, adds something new to it.” — Ludwig von Mises, Bureaucracy

Peter Thiel: Maybe you should think of wokeness as hyper Christianity.

¡AFUERA!

Gossiping with Per Bylund in between lectures at #MisesU 😁

Just bought some books from the Mises Store with #bitcoin, thanks to your zaps!

You Are The Carbon They Want To Reduce

I just bought some books from the Mises Store with BTC, thanks to your zaps!