Mises Daily

Labor unions and the general public almost totally ignore the essential role played by falling prices in achieving rising real wages.

To help mark the passing of former Federal Reserve Chairman Alan Greenspan, we run this 2001 piece from Dr. Joseph Salerno, who understood the Greenspan fraud long before "The Maestro" tanked the US economy by setting off the Housing Bubble.

"There are those who still think they are holding the pass against a revolution that may be coming up the road. But they are gazing in the wrong direction. The revolution is behind them. It went by in the Night of Depression, singing songs to freedom."

"A truly free market is totally incompatible with the existence of a State, an institution that presumes to 'defend' person and property by itself subsisting on the unilateral coercion against private property known as taxation."

Consumer spending does not drive the economy. On the contrary, saving, investment, and entrepreneurship are the critical components of economic growth.

 The natural law is, in essence, a profoundly “radical” ethic, for it holds the existing status quo, which might grossly violate natural law, up to the unsparing and unyielding light of reason.

Having warned of the rise of national socialism and having fled the German army‘s march into Austria, Ludwig von Mises was in an excellent position to analyze Nazi economic doctrine.

“He loved liberty as other men love power,” was the judgment passed on Benjamin Constant by a contemporary. His lifelong concern, both as a writer and politician, was the growth of human freedom.

Americans once dreamed of a country that did not care about global greatness or glory. It was within our reach if we had been wise enough to grasp and hold it.

As a human endeavor like any other, war making is the product of reason, purpose and choice. A proper analysis of war must take into account the goals of the war makers.