Mises Daily

The entrepreneurs and capitalists owe their wealth to the people who patronize their businesses.

DeLong misunderstood Volokh's nuanced position — which is not surprising, because he was prepared to declare Volokh insane.

Once I got used to the “Wikimedia” markup and developed a workflow, it was very fun and addictive! I invite every Misesian scholar (amateur or otherwise) to help me flesh out these (and other) articles, and to start new ones of your own. Just set up an account and use any of the great resources at the Mises Wiki help page to get started!

Gold and silver are international commodities, and, when not prohibited by government decree, foreign coins are perfectly capable of serving as standard moneys.

We are living in an Orwell novel, so it is not expected that anyone would remember President Ronald Reagan’s war on Libya in 1986.

The Federal Reserve made an obscure announcement in its weekly report. It appeared to be an inconsequential accounting change in the treatment of earnings. The change was buried in such jargon that it took weeks for the financial bloggers to fully digest what had happened — the new move made it effectively impossible for the Fed to go bankrupt!

<p>Joseph Schumpeter is smiling while the equity holders of Borders stock are crying.</p>

This world-renowned merchant  seeks no fame for his business achievements. Yet there is no story more full of encouragement and inspiration for youth.

When the Egyptian protests first broke out, most Americans celebrated.

Thaddeus Russell’s A Renegade History of the United States is an important new book: a demonstration that rebels and renegades are society’s benefactors. In this revisionist view of American history, you see, there is “an enduring civil war” between these two factions — the “renegades” and the “moral guardians,” whom he also calls the “disciplinarians.”