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Austrian School

If I Must Sell, You Must Buy

03/15/2014Mises Daily ArticlesJim Fedako

If I were a business owner, must I sell to you? If yes, you must balance that requirement with your obligation to buy from me.

Is Bad Weather Behind Weak US Economic Trends?

The FedU.S. EconomyBusiness Cycles

03/01/2014Mises Daily ArticlesFrank Shostak

Most economic commentators blame weakening economic data on recent bad weather in the US. Many assume it will improve once consumers can go out and spend again. But it’s more likely weakening trends are in response to the emerging economic bust brought about by a decline in the growth momentum of...

In Trusting Politics and Politicians, It Is the Pope Who is Naïve

Other Schools of Thought

12/28/2013Mises Daily ArticlesGary Galles

Pope Francis’s compassion for the poor is overwhelmed by his confusion about the market economy. Economic liberty has done more to elevate the living standards of the general population than any other form of social organization in history. It is the only system which does not trust in the goodness...

Inflation, Shortages, and Social Democracy in Venezuela

Global EconomyInterventionismOther Schools of Thought

11/29/2013Mises Daily ArticlesMatthew McCaffreyCarmen Elena Dorobăț

Venezuela illustrates Mises’s argument that economic intervention, if unchecked, leads to socialism.

Inflation Has Not Cured Iceland’s Economic Woes

Global EconomyInterventionismOther Schools of Thought

11/04/2013Mises Daily ArticlesDavid Howden

By late 2010, inflation-adjusted income in Iceland was down over 35 percent. Inflating one’s currency may give the appearance of recovery, but the truth is somewhat less rosy.