Social Security acts as a sort of "reverse insurance," doling out money now, leaving less for the future.
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Audio recordings of Mises Wire articles, offering contemporary news and opinion through the lens of Austrian economics and libertarian political economy.
If the Wal-Mart CEO were to take a $1 salary and the company were to spread that over each of the company's workers, each worker would receive a one-time bonus of $10.
Families provide an example of social bonds without private property, prices, and “capitalist exploitation.” So, it's odd that Marx wanted to abolish the family.
As far as the FBI is concerned, it can do whatever it wants — and anyone who resists its power is guilty of "obstruction of justice."
The #NeverAgain movement that arose after last year’s Parkland shootings ignores how government officials cannot be trusted to behave honestly or responsibly to save student lives.
The increasing importance of elite higher education is a symptom of "political capitalism" in which success is determined by political connections rather than by the satisfaction of consumer preferences in the marketplace.
The New Deal invigorated a bureaucratic state which had already done much to limit the entrepreneurial opportunities of Americans of all racial and economic backgrounds.
Even though security might be a necessary condition for development, it is not a sufficient one.
Warren and her fellow progressives have the regulatory issue with respect to free markets and public utilities almost precisely backwards.
It will be interesting to see how Trump critics handle Mr. Cain. He has the one quality Elizabeth Warren and other Democrats have chosen to focus on when it comes to a Federal Reserve nominee: he isn’t a white guy.
While Ocasio-Cortez has a degree in economics, she apparently never learned the lessons stressed by Hernando de Soto in his The Mystery of Capital.
Pundits are hoping that instead of a crisis, we just get a "global economic slowdown." Given the damage done by central banks, a sustained slowdown would be a best-case scenario.
Before wealth can be redistributed by the state, it must first be produced. But welfare-state policies end up destroying the very wealth which is necessary for redistribution.
The radical nature of anti-climate-change measures require promises of a near-total apocalypse in the near future. But the date for the promised disaster keeps getting pushed back.
The Green New Deal contains a wish list of progressive social and economic goals that come with a staggering price tag.
The real problem was the money supply inflation that happened during the boom phase. Combating deflation in the bust phase only superficially treats a symptom of the boom-bust cycle.
Equalization of incomes can be accomplished only by moving down the road toward serfdom.
In a slave system, threats of brutality underlay the whole relationship.
Since each person votes for different reasons, we can't morally say that the outcome of an election binds people to any specific law or policy.
