Mises Daily

The Federal Reserve System and those in charge of it at during the real estate bubble bear responsibility for major harm to tens of millions of Americans.

As it turns out, Krugman's apologists shouldn't demand more context for his notorious quotes, since it only shines even more light on how confused and backward he is as an economist.

      First, let me say that I am not an economist.

The Keynesians have no leg to stand on.

Llosa takes a critical look at the cultural and political institutions that have stood in the way of liberal reforms or distorted reforms for private gain.

We live in times of hyper-nationalism, war, and all-intrusive statism that the Church is called to resist in favor of truth, beauty, and true salvation.

Income is a category of action; it is the outcome of careful economizing of scarce factors.

"The beauty of an auction is that it's a very clear and simple example of what goes on every day in a free market — buyers and sellers meeting to negotiate a price."

He contrasts the rapid recovery of the economy following the 1920–1921 depression, when the government adopted a "hands-off" policy, with the disastrous stagnation of the economy in the 1930s, during Roosevelt's New Deal.

The community of soft-currency countries is not a community of economic conditions but a community of lax monetary and fiscal policies, a community of ignorance about monetary theory, of inexperience with monetary policy, and of political doctrinaire stubbornness.