Mises Daily

Tax cuts are always a joy. But let's dispense with the fiction that they constitute an economic stimulus. For that, we need an increase of savings and dramatic spending cuts.

In a visit to Washington, D.C., William Anderson discovers vast waste, imperial architecture, a welfare mentality, and little to celebrate but the trip home.

Financial meltdowns and exploding funds have discredited the free capital market in Romania. But was it a case of market, or government, failure? Tudor Smirna investigates.

Bush's tax cut means that a small amount of money will escape the clutches of our ruling class, but it is no great triumph for our liberty or our wallets.

In 1940, Mises set out to explain the errors of "middle-of-the-road" policies. He ended up writing the history of the next ten years before they occurred. Robert Murphy is the reviewer.

In an amazing rhetorical trick, the press has a new name for central planning and price control: deregulation. Don Mathews shows how and why this is done.

Citing railroads, the TVA, and interstate highways, Michael Kelly of The Atlantic Monthly says government has done wonders for us. Tibor Machan raises the question: At what cost?

They hail from Harvard, Yale, and Cornell, but these economists haven't learned the first lesson of economics. William Anderson corrects their errors.

If there is a case to be made for this social theory, Professor Yeager makes it. In the end, however, the effort doesn't succeed. Review by Robert Murphy.

Tucker was the voice for individualist anarchism in the late 19th century, and J. William Lloyd was his follower. This essay is from the Lloyd papers, now part of the Mises Institute archives.