Mises Daily

Many of the governmental edicts are pseudo laws, rules that are annoying mainly because government has accrued to itself the sole, monopolistic authority to impose them on us.

For nearly a hundred years, economists have been groping for an explanation for the business cycle, writes Murray Rothbard, while overlooking the Austrian explanation.

Periods of hyperinflation are also periods of mass insanity, writes Robert Blumen.

The 1970s were the turning point in the wrong direction. Under Keynesian guidance, gold was abandoned, prices increased, and the dollar rapidly depreciated.

The economic purpose of capital markets is to provide a nexus between savers and borrowers for the financing of productive investment, writes Robert Blumen.

Left-wing intellectuals such as Polanyi are always weeping about the "Coca-Colaization" of the rest of the world, bemoaning the supposedly lost glories of "folk culture" in the undeveloped countries, writes Rothbard.

So many to choose from but Scott Trask picks ten of the most glaring economic errors that have bespotted the history of American economic policy.

Inflation erodes morals in creeping, insidious ways. It replaces social bonds with government controls.

Everyone seems to agree that Reagan slashed the size and scope of government. Murray N. Rothbard exposes the truth.

It is a myth that scientific research left to the mercies of the free market would be insufficient for modern technological needs. In fact, centrally planning innovation will only stifle it.