Mises Daily

The government has tried to further manipulate the economy to compensate for the adverse effects of its printing of money.

Why does the behavior of the Greek government have anything to do with taxpayers in Germany? Why did the original Maastricht Treaty have rules about fiscal policy as part of the criteria for monetary union? The answer is that the euro is a fiat currency.

Ludwig von Mises has safeguarded the foundations of a rational economic science.

The top 1 percent of US income earners pay 38 percent of all federal income taxes, and the top 10 percent pay 70 percent.

When a moral code is adopted in society, approbation and good will for following the code, as well as reprobation and ill will for violating it, become common.

Just as the interventions of the Hoover administration in the early 1930s led to a massive increase in government under the New Deal and the abandonment of the gold standard, so too have the "stimulus" packages gotten us to the point where raw money printing is a policy option.

Robert Lucas misses two important reasons why government/Keynesian stimulus schemes fail miserably.

The Augustan boom was partly the result of a heavy spending program.

Bourne defined war as the ultimate act of statehood, as the utmost act of "a group in its aggressive aspects."

We have to make a fundamental choice: we can either engage in the social division of labor and contribute to our own and society's overall prosperity, or turn our backs on civilization and live the nasty, brutish, and short life that awaits.