Here is a simple example of the gains from trade. The exact some physical goods has different subjective values for their owners and both benefit from exchange! 

Over the weekend, President Trump celebrated firing more than 100 missiles into Syria by Tweeting, “Mission Accomplished!” They say if you cannot learn from history you are condemned to repeat it. So I guess we are repeating it.

Lenin’s main book1 , or at least his most voluminous book (now available in the Collected Works of Lenin), led some people to call him a philosopher.

For most economists and financial commentators the heart of economic growth is the increase in the demand for goods and services. It is held that increases or decreases in demand are behind rises and declines in the economy’s production of goods and services. It is also held that the overall economy’s output increases by a multiple of the change in expenditure by government, consumers or businesses.

The most prominent feature of the geopolitics of Russia and the West pivots upon a relatively obscure feature of the geopolitics of Russia and China. The mainstream media in the U.S. has covered minimally and only rather incidentally the estimated $900 billion construction of a complex matrix of strategic transport routes known generally as the “New Silk Road” or the “Belt Road Initiative” (BRI) project initiated by Beijing in 2013.

Tonight Mises Senior Fellow Bob Murphy is debating George Selgin of Cato’s Center for Monetary and Financial Alternatives on the topic of fractional reserve banking. The host is Gene Epstein’s Soho Forum, an excellent monthly debate series based in New York City. 

In a talk at the Second Amendment Town Hall in Batavia, New York, James Ostrowski discusses how the long-used efforts to preserve gun rights are doomed to failure. Shouting “the second amendment is enough for me!” is a failed tactic: