Mises Daily

James Grant's testimony before the US House Committee on Financial Services. Here find the explanation of our monetary woes.

The economic thought that impressed Rothbard is to be found in Hesiod’s didactic poem/farmer’s almanac, The Works and Days.

Atlas Shrugged, Ayn Rand’s masterpiece celebrating capitalism and the individual, is a rare accomplishment. It still holds up, more than ever.

John Wanamaker was the Gilded Age genius who pioneered the department store, the posted single price for goods, the money-back guarantee, and the practice of giving away free products as a way to promote a business. He believed that commerce would save the world.

You think we have no central plan? Think again.

At best, the G7 currency intervention will postpone the inevitable adjustment of world currencies to a change in demand for yen. At worst, the Bank of Japan can enforce a permanent depreciation through money creation, which will redistribute wealth.

Humans are always looking for patterns as a matter of survival, and when the picture isn't complete our brains fill in the blanks.

Like many economic events, the key lies not in what is immediately apparent — explosively large banks — but in those causes and conditions that are veiled. Politicians, pundits, and the population of the Icelandic nation have had a difficult time explaining how such a large financial sector could develop in the first place.

You will not affect the election, but you might die in a car crash trying.

Before the civil war, there were some grounds for saying that, at least in theory, our government was a free one — that it rested on consent.