Mises Daily

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.

Cass Sunstein is so anxious to push his theory of government that he distorts the reality to conform to his dreams.

If you want a monopoly, you don’t have to be buddies with the king. You can just go to the patent office.

The fax machine was like the Star Trek transporter. Documents were being "beamed."

Hayek determined to form a society committed to persuading the intellectuals, and hence the masses and their political leaders, to change course.