Mises Daily

Anne Robert Jacques Turgot's career in economics was brief but brilliant, and in every way remarkable.

In the standard Austrian theory of the business cycle, the question is not "How do we get out of a recession?" Rather, the question is "How do we avoid the boom?" According to the Mises-Hayek theory, the preceding boom makes the corrective bust <i>inevitable</i>.

Here is an archetype of disgusting protectionism — benefiting special interests, pillaging consumers, and impoverishing foreigners.

Housing prices hitting 2002 levels, unemployment still at 9 percent, private-sector job growth flat, and retail sales still struggling: these are headlines that few expected three years ago. The stimulus was a gigantic, wasteful, destructive flop.

He was a great intellectual and deserves a high place in the history of libertarian ideas.

We should thank our lucky stars for air conditioning — and hope that that government won't destroy it.

The underpricing of risk led Icelandic banks to take on liabilities denominated in foreign currency.

Dean Baker — prominent Keynesian pundit and codirector of the Center for Economic and Policy Research — testified that the dollar's fall was inevitable, and even a good thing in light of the US trade deficit. At the time, I knew I disagreed with Baker, but I didn't get a chance to explain why.

It is to mankind's collective detriment that the story of the Aksumite kingdom remains largely unknown.