Mises Institute

Blog50 min agoRon Paul

On Twitter, Ron Paul reacted to President Donald Trump's speech last night calling for increasing US presence in Afghanistan.

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Austrian Monetary Theory vs. Federal Reserve Inflation Targeting

Money and BanksMoney and Banking

Blog1 hour agoRichard M. Ebeling

When a central bank sets a two-percent price inflation target as a guide for monetary policy, it is targeting an arbitrary construction of economic statisticians.

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Why Was Ancient China so Good at War, and so Bad at Commerce?

War and Foreign PolicyWorld HistoryEntrepreneurship

Blog3 hours agoMatthew McCaffrey

By providing rewards for bureaucrats and punishments for merchants, many rulers destroyed interest in entrepreneurship and innovation outside the state.

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The Chinese Economy's Fatal Flaws

Bureaucracy and RegulationGlobal EconomyMoney and Banking

Blog12 hours agoWilliam Hongsong Wang

China faces problems of both an easy-money-induced bubble, and a corrupt regulatory regime.

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The Real Cause of America's Opioid Epidemic

HealthLegal SystemU.S. History

Blog08/20/2017Mark Thornton

The real cause of this epidemic is various government policies and the real solution is the dismantling of those same policies, in perpetuum.

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The Levellers: The First Libertarians

Blog08/20/2017Roberta A. Modugno

The English Levellers transformed vague notions of natural law into the firmly individualistic concepts of natural rights for every human being.

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The Relationship Between Saving and Money

Blog08/18/2017Frank Shostak

Conventional wisdom says that savings is the amount of money left after monetary income was used for consumer outlays. Hence, for a given consumer outlays an increase in money income implies more saving and thus more funding for investment. This in turn sets the platform for higher economic...