Mises Daily

According to poet Franz Grillparzer, Vienna was beautiful — but also dangerous.

FDR knew that stopping the export of oil to Japan was fraught with danger.

Rockwell and Rothbard poured their energies into outreach, not only to fellow intellectuals, but also to students, businesspeople, journalists, and the lay public.

It is more advantageous for Friday to treat Crusoe as the rightful owner of his timber, and to thereby preserve and intensify their division of labor, than it would be to resort to force. Human life is characterized by what Mises called the “universal law” of the greater productivity of the division of labor.

Only if one understands the subjective theory of value may he proceed logically to a belief in private ownership and control of property.

While pop and rock hits were attracting pirates, the same methods were available to aficionados of opera, classical, jazz, and show music.

A new generation of students seeks the truth delivered plainly, using clear words and logic.

The imposition of new taxes shifts wages and prices in ways that are impossible to predict beforehand and difficult to measure even after the fact.

Austrians today remain connected to a modern-day Mises circle, thanks to the efforts of the Mises Institute and its cutting-edge and effective use of the tools of the Internet. It unites scholars with the public all year round through technology; it succeeds in providing the world with a "virtual" Vienna.

Is the Obama administration working to create a totalitarian state where Keynesian economics has a better chance of success?