Mises Daily

Blaming OPEC has been in political fashion for over three decades, writes Chris Westley.

A common rejoinder to the program of laissez-faire is that market failures require government intervention. Just what does market failure mean, asks Gil Guilory.

The rich find ways around the tax eaters, writes, Kirby Cundiff, by moving income and capital around and lobbying for loopholes.

People apparently are not supposed to fret that gas is relatively more expensive, writes Robert Murphy, because in an absolute sense, it is still cheaper than other commodities. Well, this leaves out a rather important fact.

If there's a cyclical event in economics as dependable as the rising sun in the natural world, writes Ted Roberts, it's the regularity of postal rate increases.

What chain of events led to "free" Americans having less in the way of health choices under some circumstances than "unfree" socialist Europe? Dale Steinreich examines the FDA.

The increased liberalization of world trade, writes Stefan Karlsson, has increased the scope of international division of labor and permanently helped raise growth in the world as a whole.

The Rube Goldberg machine: some crazy convoluted way of accomplishing a task that would otherwise be quite simple. A perfect way to describe the Clinton health care plan and emerging Social Security reform.

We tend to think of economics as a sterile, number-clotted discipline, writes Colby Cosh, but most of the great economists have antagonized the received wisdom of their day.

Apparently, writes T. Norman Van Cott, low import prices and high import prices both pack a damaging economic punch, at least from the mercantilist point of view.