Mises Daily

"The ability of most market indicators is found to be weak, while the ability of the skyscraper index to predict severe changes in the business cycle is strong."

Governments have made the war; only the peoples can make an unarmed peace.

Our only hope is to (1) accept up front a twenty-percent fall in American living standards for a people living beyond their means for the past twenty-five years on the delusions made possible by fiat money, and (2) simultaneously discipline the creature from Jekyll Island, a.k.a. the Federal Reserve System, not to create new money just to prop up asset-price bubbles.

Wise citizens would do well to stay tuned to the penny and observe what it reveals about monetary policy and the future of the dollar.

Even simple people will discover that Keynes did not teach us how to perform the "miracle ... of turning a stone into bread," but the not at all miraculous procedure of eating the seed corn.

Philp captures much of the controversy surrounding modern yoga in his film, but not all.

Whatever your feeling on the need to improve state roads, do not let the myth of "job creation" and a "boost to the economy" be the rationale.

If one's goal is to have a smaller carbon footprint — to say nothing of whether having a smaller carbon footprint is desirable per se — I'm not convinced that eating locally is the way to go.

"There can be few more thankless tasks at present than the essential one of developing the philosophical foundation on which the further development of a free society must be based."

Hayek was arguing that whenever and wherever credit is expanded beyond market dictates by a central bank, the result will be economic distortion.