Mises Daily

The war on drugs did not prevent Philip Seymour Hoffman’s drug addiction.
 

The way GDP is calculated is problematic for many reasons. Many economists have long opposed government GDP statistics, because a government that can claim to know how much an economy has grown, can more easily claim that it can tinker with the economy to get more growth.

If price inflation near 2 percent is good for the economy, why not aim at a higher rate of inflation and make the economy much healthier?

If I were a business owner, must I sell to you? If yes, you must balance that requirement with your obligation to buy from me.

As central banks in rich countries flood their economies with fiat money, the excess funds are often used to invest in emerging markets.

Having neatly dispatched Rawls, Chartier goes on to offer a strong defense of market anarchy.

Spencer asked: “How could the pursuit of trade, which is voluntary, sit well with the practice of militarism?”

The overarching pervasiveness of wealth effect acceptance is not wholly surprising, for it is a perfect blend of the Monetarist and Keynesian Schools.
 

The first transcontinentals were all creatures, not of capitalism or the private markets, but of government.