Mises Daily

If the critics are right, then Fowler Foods has missed an opportunity to turn a tidy profit by selling grilled chicken.

The Austrian explanation of the boom-bust cycle makes more sense than any other explanation I've seen.

Freedom, choice, and capitalism will pay a dear price because a group of government bureaucrats, on the receiving end of political favors, will run a major sector of the US economy and foist a prescribed lifestyle upon American consumers.

With the renaissance of Keynesian economics we can only conclude that the preconditions for a new super cycle have been established, and that if the policies are not reversed we face many years of depressed economic conditions.

Is there any reason a reader should place any more confidence in the work of an historian than in the work of an historical novelist? The answer is that everything depends on what historian we're talking about, what novelist we're talking about, and what kind of historical fiction we're talking about.

So long as Obama continues to expand the state in the domestic area — inflating, taxing, regulating, nationalizing — they will put up with abuses of the human rights that they claim to champion.

Obama's actions have already laid the foundation for a gigantic bubble and a further weakening of economic fundamentals.

"The work of remaking [the world] will be long and hard, and will require some sacrifice."

"The Austrian theory is not a theory of recessions per se; it is a theory of the unsustainable boom."

Fortunately, Austrian economists have shown that every product and service can be offered privately, without the use of monopoly force through government.