Mises Daily

They did what they were supposed to do. Now, they have few job options at all.

At $3 a pop, these little things seem like a rip-off. Yet consumers keep buying under the right conditions: mostly sports events for kids. What's more, competition isn't pushing the price down. Let us see how this all makes sense from an economic point of view.

The tragedies of 20th-century socialism are made more horrible by the fact that some people understood, predicted, and warned.

What they don't understand: aggregation, relative prices, interest rates, capital structure, money pumping, and regime uncertainty.

Why should we care about his predictions concerning the economy or his recommendations for how to end the slump? The answer, of course, is that the Federal Reserve has the power to destroy the world economy.

What we can do to advance liberty is to work on the one unit of society we’re actually capable of improving.

When unions oppose the general policy of extra pay for extra work, as under incentive or piecework payment, they are merely extending the practice of featherbedding.

Patents are one of many driving forces behind rising medical costs. It is not just MRI machines.

The basic logic of Jane Jacobs’s work must lead an attentive reader inexorably to a libertarian view of human social relations.

If you are a wealthy person, beware. The estate tax will destroy what you have created through your hard work and diligence. Unless you have spent a small fortune on financial planners, accountants, and tax attorneys, the fruits of your labor may be enjoyed by the government.