Mises Wire

James Fenimore Cooper, America's first national novelist, saw real danger from the impulse toward majority rule as a panacea for every complaint.

In the nearly seven decades since its appearance, Human Action has come to be recognized as one of the truly great classics of modern economics.

More than a decade ago, some South American countries were moving to the left in an effort to create a new paradigm. Things have not gone well for them.

The War on Cash is nothing more than a lust for more power by central bankers and their advocates in academia.

For decades, governments have been manipulating our views of what medical schools are, and what they should be.

Effective poverty relief becomes easier as workers become more productive. Fortunately, capitalism makes this possible.

Trump claims to be more skeptical about foreign invasions. That is good. Unfortunately, he also wants to spend a lot more on the military.

Loose monetary policy is based on a trickle-down theory designed to encourage spending and punish saving. This will lead to greater pain in the end.

The macroeconomic approach looks upon an arbitrarily selected segment of the market economy as if it were an integrated unit.

Efforts to manipulate people into thinking the economy is good contribute to the ills brought on by the boom-bust cycle.