Mises Daily

Every person has different goals for himself, which means everyone will value differently the means to attain those ends. No central planner can know these goals and values.

One hundred years ago, the combatants of World War One fought themselves to a standstill. The warring regimes then used the opportunity to clamp down on internal dissent and a host of other liberties.

Economists can use their knowledge for both good and evil, and for those in government, such knowledge is often used to deceive and make government programs look less costly than they are.

States wish to gain monopolies and maintain them in all facets of life, while entrepreneurs strive to offer alternatives to the state.  It's our job to prevent the state from simply declaring the competition illegal.

Malcolm D. Magee's new book on Woodrow Wilson examines a much-neglected topic: the role of Wilson's religion in his enthusiasm for war and his goal to “conquer, convert, and change the nations.”

Our global system of fiat moneys favors spenders and borrowers over savers. Low- and moderate-income households who wish to save for the future are at the greatest disadvantage, and this has led to profound cultural changes over the past century.

The present global plague of asset price inflation is transitioning into a new phase. Some optimistic commentators suggest a benign and painless end to the plague lies ahead, but the evidence suggests otherwise.

The new mises.org is not just a renovation of the old site, but rather a wholly new platform that will serve as the foundation from which we can adopt new innovations in web design, social media, mobile technology, and more.

The Economist recently opined that interest rates don't affect investment. This claim is based on an empirical study that contradicts what we already know: that lower prices lead to more demand. In the end, the problem lies with the researches who fail to account for the behavior of central bankers.

Ludwig von Mises held that middle-of-the-road policy in economic interventionism eventually leads to widespread socialism. With price controls, protectionism, and rampant inflation, Venezuela and Argentina have proven him right.