Mises Daily Articles

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The Corrupt Origins of Central Banking

U.S. HistoryInterventionismMoney and Banking

12/04/2017Mises Daily Articles
The main objective of the Nationalists, who were also known as Federalists, was essentially to establish an American version of the British mercantilist system, the very system that the Revolution had been fought against.

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Classical-Liberal Exploitation Theory

Free MarketsEntrepreneurshipOther Schools of ThoughtPolitical Theory

12/02/2017Mises Daily Articles
Real exploitation in society is perpetrated upon the productive classes (the taxpayers) by the parasite class (the state).

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Three National Treasures: Hazlitt, Hutt, and Rothbard

BiographiesFree MarketsHistory of the Austrian School of Economics

11/30/2017Mises Daily Articles
In an age when loot-seeking is the norm among politicians — both governmental and academic, Hazlitt, Hutt, and Rothbard have held high the banner of truth and freedom.

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Cantillon for Laymen

BiographiesFree MarketsGlobal EconomyU.S. EconomyHistory of the Austrian School of EconomicsPhilosophy and MethodologyValue and Exchange

11/27/2017Mises Daily Articles
Richard Cantillon, "the father of modern economics," understood that to break out of the mercantilist morass we must focus on human action.

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Ownership of the Product by Capitalists

History of the Austrian School of EconomicsProduction Theory

11/25/2017Mises Daily Articles
Popular literature attributes enormous "power" to the capitalist. However, this is far from the case.

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The Market for Literary Products

The EntrepreneurFree MarketsMedia and Culture

11/23/2017Mises Daily Articles
Capitalism is essentially a system of mass production for the satisfaction of the needs of the masses. Literature is just one example.

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Gold versus Fractional Reserves

Booms and BustsThe FedGold StandardMonetary Theory

11/22/2017Mises Daily Articles
A dual currency system could eventually permit a smooth transition back to a sound gold currency.

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I, Pencil

The EntrepreneurFree MarketsInterventionismPraxeology

11/18/2017Mises Daily Articles
This classic article by Leonard Read illustrates how completely dependent the world is on the division of labor.

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Libertarian Thought in Colonial America

U.S. HistoryPolitical TheoryPraxeology

11/17/2017Mises Daily Articles
The growth of libertarian thought in eighteenth-century America was heavily influenced by a preceding growth in England.

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Taxation Is Robbery

Legal SystemTaxes and SpendingInterventionism

11/08/2017Mises Daily Articles
It took centuries to end the idea that taxes kept the privileged class in comfort and financed their wars. But now we're told taxes = civilization.

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