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In Human Action, Mises argues that in a free market economy, making a profit depends on the judgment, or appraisement, that entrepreneurs make of particular situations. He says:

Kevin Carson and I had a tiny Twitter fight on the wealth tax (taking place a few days ago as of August 21, 2020). He defended such an anti-individualist and authoritarian measure, and I criticized it. Twitter, however, is not the place for discussion (seeming to be nothing but a swamp of radicalism), and here I shall disprove the idea that a wealth tax is in any way beneficial to workers or the poor or to the nation as a whole.

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When someone asks what the price of gold is, the answer depends on which gold market he means.

In July this year the US trade balance stood at a deficit of $63.6 billion against a deficit of $51 billion in July last year. Some commentators regard a widening in the trade deficit as an ominous sign for the exchange rate of the US dollar against major currencies in the times ahead.

The term “liberal education” is very commonly thrown around in American political discourse pertaining to higher education. But what does it really mean?

The University of Mississippi notes that a liberal education is “about nurturing human freedom by helping people discover and develop their talents.”

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The Spanish flu of 1918 is an event that, unsurprisingly, is being revisited by many observers today. And yet, at the same time, another major event occurred a century ago which we would also do well to remember: namely the largely forgotten economic depression of 1920.