Mises Daily

The Fed decides, through a Politburo of planners sitting in Washington, how much liquidity is necessary and what the interest rate should be.

The biggest capitalists, those “economic royalists” of Wall Street, have been the deadliest enemies of true capitalism.

Pro-austerity or anti-austerity? There is a third way, the Austrian way of less spending and lower taxes.

Each expansion of government’s reach shrinks freedom and restricts expanding social cooperation.

“War is the health of the state.” Lies, myths, superstitions, and propaganda have always been the essential ingredient of the warfare state.

Earlier this year, the distinguished Harvard biologist, E.O.

Obamacare began because of a crisis in medical care. Obamaschool is coming for similar reasons.

The NSA admits it has “compliance problems” with the law, yet faces few sanctions.

If we understand the business cycle, there is no need to look to animal spirits or any ill-defined exogenous forces.

Rothbard declared that the kind of banking and financial system that Friedman championed was at the heart of the crisis that was the Great Depression.