Mises Daily

The Federal Reserve System virtually controls the nation's monetary system, yet it is accountable to no one.

In the real world, an artificial boost in demand that is not supported by production leads to the dilution of the pool of real savings and, contrary to the Keynesian view, to a shrinking in the flow of real wealth. The result is economic impoverishment.

Most observed instances of monopoly were in fact generated by government sanction (e.g., public utilities).

If Krugman wishes to claim that progressive taxes do not adversely affect incentives, he needs to offer a theoretical account of why this is so.

And what has Washington done? Rob us, badger us, and take us to war.

The falling US dollar eats away at foreign workers' savings as the money is converted to their national currencies, but, more important, it discourages people leaning towards employment in the outsourced sector.

However modest in size, including possibly being actually negative, net investment represents the true source of most revenue and income.

Computational neuroscientists would add that not only do the projects appear profitable on paper but also that dopamine is released into the brains of entrepreneurs as they anticipate future profits.

The fundamental act of choice always involves a purely ordinal value judgment, not a quantitative "measurement" of subjective value.

I have begun a self-imposed "cognitive therapy" to stop letting thoughts of sunk costs undermine my enjoyment of life