Mises Daily

Some have argued that euros are “overvalued.” As with all currencies, goods and services, the price is a function of supply and demand.

The true state of the old communist economy under Tito reveals an economy addicted to debt that lagged behind most of Europe.

Third world sweatshops benefit workers much the way factories in Great Britain and the US did during the Industrial Revolution.

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.