Mises Daily

Critics of Roosevelt's New Deal often likened it to fascism. This was recognized to be true during the 1930s, by the New Deal's supporters as well as its opponents.

The characteristic mark of economic history under capitalism is unceasing economic progress, a steady increase in the quantity of capital goods available, and a continuous trend toward an improvement in the general standard of living.

Hegel, unfortunately, was not a bizarre aberrant force in European thought. He was one of many infected by Romanticism.

What characterizes capitalism is not the bad taste of the crowds, but the fact that these crowds, made prosperous by capitalism, became "consumers" of literature — of course, of trashy literature.

The shorter work week is entirely a capitalist invention. As capital investment caused the marginal productivity of labor to increase over time, less labor was required to produce the same levels of output.

Interventionist policies have brought about all the effects economists predicted.

Whether the "slander" is due to a misrepresentation of fact or the imposition of ideology, the Industrial Revolution should bring a libel suit against historians.

An industrial innovation enters the market as the extravagance of an elite before it finally turns, step by step, into a need of each and all.

"Your doctor and nurse, no matter how nice today, will become the bureaucracy."

Inequality of wealth and incomes is an essential feature of the market economy.