Mises Wire

Markets are already betting that the Fed will re-commit itself to more stimulus and more ultra-low rates. The markets are probably right.

Readers will close the volume with admiration for Kirzner’s devotion to Austrian economics, immense learning, and dialectical skill

Africa has plenty of hard workers and plenty of natural resources. But private property is not secure there, which means few are willing to invest their capital there.

Competition and cooperation and not two things in conflict. They are both essential ingredients in a society based on voluntary action instead of violence.

The experience with which the sciences of human action have to deal is always an experience of complex phenomena. No laboratory experiments can be performed with regard to human action.

Italian fascism and German national socialism were committed to abolishing private property in practice, if not in name.

The best EU is an EU in which free and sovereign nation-states voluntarily come together to cooperate.

The trade deficit has increased since President Trump took office, consumer prices are rising, and American industries are losing their competitiveness on the world stage.

Environmental activists in US politics are making it quite clear that their goal is nothing short of a socialist economic revolution.

In the conditions of a labor shortage, which necessarily materializes if wage rates go below the point corresponding to full employment, the payment of higher wages provides exactly the same benefit to employers.