Mises Daily

H.L. Mencken once described democracy as "simply a battle of charlatans for the votes of idiots."

Recessions are a great time to appreciate anew the importance of economic logic to our lives, to celebrate the contribution of market production, and to seriously reevaluate the merit of big government that we permit to thwart the prospects for a speedy economic recovery.

With more layoffs coming across a wide spectrum of industries, I am sure many of those affected individuals would, unlike my father-in-law, find some solace in a fixed income.

If the Fraternal Order of Eagles is looking to "uphold and nourish" good values, they should champion the cause of sound money.

Even some professional economists — don't really have a good intertemporal mental construct of the market, they can't really fathom how prices would guide people to properly allocate scarce resources.

The scope of praxeology — the science of human action — is precise: it is the study of goal-seeking rational behavior.

The film's antitechnological, anticapitalist message needs to be exposed and countered by all thinking individuals.

The early 1920 was the last time laissez-faire ideas were used to help the nation recover from a depression.

What will it take for the public sector to begin seeing the informal sector as a model to replicate rather than a symbol of anti-social economic activity?

There are harsh penalties for not fulfilling a 10–15 year contract to do nothing! Talk about the American dream turning into a nightmare.