Government likes to put out lots of data showing things like income and employment for huge numbers of people. The problem is, this tells us almost nothing about how real-life people are hurt or helped by government intervention.
There has been much hand wringing among popular blogger-economists in response to the breaking of the Euro peg by the SNB.
Entrepreneurship still isn’t very popular in economics, but Austrian ideas are increasingly influential in contemporary management research, where the future is bright for young Austrians.
"Good news, everyone!" Mark Thornton discusses the positive results of marijuana legalization in Colorado.
Last year, British entrepreneur Mike Watts made headlines when he opened England’s first private toll road in more than a hundred years. The road has now been closed, but its brief history provides a sad (and all-too-typical) example of how government sabotages entrepreneurs and hurts their customers.
One of Ludwig von Mises's most important works is now available as a free Mises Institute audio book.
Our friend Robert Bradley recently took a look back 25 years ago when the New York Times still had some scientific backbone.
The supply side matters. Fernández-Villaverde and Ohanian point out, “In short, incentives to hire, invest and start new businesses need to be a priority, lest the sclerotic U.S. economic growth of the past six years returns and, as in Europe, becomes a permanent condition.”
Mises Daily Thursday by Dale Steinreich.
