Mises Wire

Whether it be the owner, the general manager, or the head coach, whomever has the final say on draft day is making a judgment in the face of uncertainty that they hope will benefit their organization.

The Danish government wants to tax red meat. The next step? Tax all food.

In determining the value of a currency, we must look to relative growth in the money supply, and relative purchasing power.

We wouldn't expect much market reaction to today's announcement, as it was already expected and should have been priced in.

Dennis Hastert may have committed many despicable crimes. Withdrawing "too much" money from a bank isn't one of them.

The paradox of "planning" is that it cannot plan, because of the absence of economic calculation.

There's no need for pessimism over the idea that there is a recession ahead, and that the stock markets must plunge. No, this is the good news!

With another steel producer set to leave the UK, some are proposing that the UK government run the steel industry itself.

More and more, Fed appointees are dropping their apolitical facade.

We can have a competitive marketplace if government will just get out of the way and stop erecting barriers to creating new businesses and new competitors for established companies.