Mises Daily

In truth, there is only one way to regard a minimum wage law: it is compulsory unemployment, period.

Because enforced contract law and full property rights are the foundations of freedom, governance systems should be based on enforceable contracts that defend property rights.

The great boon of human freedom experienced in earlier decades has, in the long record of thousands of years, been enjoyed by a mere fraction of the people and for only a brief moment in history

One of the most brilliant and forceful attacks on Cold War foreign policy in the postwar era came from the pen of the veteran free-market publicist Garet Garrett, in his pamphlet “The Rise of Empire.”

In every administration, the tools of inflation, borrowing, taxation, and regulation are used to transfer wealth from the people to the government.

The objections raised against the market economy are based on very bad economics.

The Secretary of Defense acts as an indispensable liaison between parties, business, and the state.  The job is guarded by a special class of loyalists, usually extremely bright individuals chosen by the state's elites.

It becomes evident from Richard von Mises's fundamental work that mathematical probability theory can never be applicable to economics, or to any other study of human action.

Unlike Hamilton, Jefferson did not believe that state coercion should be used to re-shape and control society and markets.

As the Marxians do not admit that differences of opinion can be settled by discussion and persuasion or decided by majority vote, no solution is open but civil war.