Mises Daily

The poverty rate is not declining, and people continue to buy and sell drugs.

It was an amazing and encouraging week at Mises University this year. A full week of seminars, lectures, and many opportunities to work with Mises faculty and fellow students to discuss, learn, and plan for the future.

Not content with just the movie industry, the US government has also turned to the video game industry in more recent decades.

The lack of revolutions, even in highly-taxed societies points to the possibility that many are willing to tolerate rather high taxation rates.

Mazzucato’s economic reasoning falters on one of the most basic axioms of economics, namely the broken-window fallacy.

Labor unions and the general public almost totally ignore the essential role played by falling prices in achieving rising real wages.

I don’t think the world has ever been in a more dangerous economic situation than it is today.

Left alone, the market always allocates resources to the highest bidder i.e., to their most highly valued uses and through this process of investment and reinvestment, capital is accumulated and the marginal productivity of labor increases. Thus when the market remains free, wages and living standards are seen to continually increase as well.

The word efficiency as used by government has been demoted from a useful analytical term to little more than another warning to watch your wallet.

Republicans are certainly not in a position to legislate radical monetary reform. But that is no excuse for a careless decision by the would-be reformers to veer into a cul-de-sac under the misleading directions of Professor Taylor.