Mises Daily Articles

Displaying 1 - 10 of 549

Why the State Demands Control of Money

Booms and BustsFree MarketsMoney and BankingOther Schools of Thought

08/11/2021Mises Daily Articles
The question that arises for the state ruler is: How can I free myself of two effective constraints on my power: tax-resistance in the form of falling tax revenue and the need to borrow from and pay interest to banks?
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What Made Rothbard Great

U.S. EconomyU.S. HistoryAustrian Economics OverviewCapital and Interest TheoryHistory of the Austrian School of EconomicsMonetary Theory

08/05/2021Mises Daily Articles
Gary North shows how Rothbard always had the ability to go to the central issue in a debate. He wrote clearly. He wrote continuously. He wrote for almost anyone who would give him an opportunity to put an idea in print.
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We're Taught to Revere Schoolteachers. So Why Are They Paid So Little?

The EntrepreneurFree MarketsPrices

07/31/2021Mises Daily Articles
In the case of both athlete and teacher, the rarity of the skill and the number of people who benefit from the individual determines how much they're paid.
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Why Capital Goods Are the Key to Economic Progress

Free MarketsEntrepreneurshipPraxeologyProduction Theory

07/27/2021Mises Daily Articles
Capital goods become available thanks to secure private property rights, and a class of people willing to save and invest. Without this, there can be no great progress in the standard of living. But, it all takes time.
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Woodrow Wilson's "Second Personality"

BiographiesU.S. HistoryWar and Foreign Policy

07/09/2021Mises Daily Articles
The term most frequently applied to Woodrow Wilson nowadays is "idealist." The expression "power-hungry" is rarely used. Yet one scholar friendly to Wilson has correctly described him as one who "loved, craved, and in a sense glorified power."
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What Does Marginality Mean?

06/04/2021Mises Daily Articles
Robert Murphy explains what it means to act "on the margin" or to think in terms of "marginality." Economists use the term often. The Mises Circle in interwar Vienna even had songs with refrains that included the words "marginal utility." Here is your one-article guide to understanding what all the...
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What "Capitalism" Really Means

Free MarketsHistory of the Austrian School of Economics

12/12/2020Mises Daily Articles
Big business, the target of the most fanatic attacks by the so-called leftists, produces almost exclusively to satisfy the wants of the masses. In fact, serving the masses is the main occupation of the "capitalist."
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Why Historical Revisionism Matters

World History

10/23/2020Mises Daily Articles
Historical revisionism is the process of unmasking government excuses for the state's many crimes.
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Why Ideas Dictate What We Think Is in Our Self-Interest

Free MarketsWorld HistoryOther Schools of Thought

08/20/2020Mises Daily Articles
It is ideas that determine what people consider as their interests. Free men do not act in accordance with their interests. They act in accordance with what they believe furthers their interests.
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What If Public Schools Were Abolished?

EducationFree MarketsInterventionism

07/14/2020Mises Daily Articles
If we could abolish public schools and compulsory schooling laws, we would have better schools at half the price—and be freer too.
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