Mises Daily

Not many Americans have heard of Richard Vedder and Lowell Gallaway, but maybe more should.

The idea is this: in spite of the federal-government's spending at the annual rate of 11 percent of GDP more than it is taking in, there isn't enough stimulus to get our woeful economy going. So, the answer is more spending; indeed, much more spending. If a "shot in the arm" isn't enough, then break out the defibrillator!

Rand's heroes weren't generals or people in law enforcement; they were engineers, inventors, designers — people focused on what they could do with their lives.

The basic principles of Austrian economics are easy to learn.

The knowledge that human action is purposeful action has nothing to do with psychology.

Vigilantism has deep roots in American history and culture. From tales of the Wild West to the caped-crusading Batman, the act of standing up to thugs is part of the national ethos. And the assumption of personal responsibility for self-defense is what drives the uniquely American pro-gun movement.

Why should we ever run out of water?

How such a simple device has spontaneously revolutionized life the world over without the direction of a single bureaucrat!

This is a phenomenon of the greatest importance in any study of unemployment of labor or “surplus capacity” in material resources.

The situation has become serious. Eurozone currencies will dissolve back into regional currencies.