Mises Daily

Without the legal system ruining the lives of nonviolent drug users, there will be a light at the end of the dark tunnel known as drug addiction.

It is reality vs. fiat, independence vs. dependence, value that lasts vs. value that is the whim of the transitory political class.

In this article, I'll explain short selling (and the "naked" variant), its benefits to the market economy, and the harm from arbitrary government restrictions on the activity.

"Eventually, if trends continue the result must be the twin death of parasite and host alike, and an end to any flourishing economy or civilization."

Mises proposed ending the government money-supply monopoly — which he identified as the root of the problem — and returning money to the free market.

Solzhenitsyn had enough courage to equate socialism and Nazism as equally evil and morally reprehensible.

Unless a businessman can forecast when the crash will occur, it is to his advantage to take the new money and stay abreast of the competition.

A dramatic initiative to lower the costs of hiring could end up having great effects.

Competition in the market economy separates the good ideas from the not-so-good and helps us economize on scarce resources.