The mistake is comparing an imperfect market with an imaginary government possessing perfect information, perfect incentives, and perfect foresight. The proper comparison is between real and imperfect alternatives.
The unaffordability of houses for many American households is a key problem in both politics and economics. How did American house prices get so high?
Testimony of
Alex J. Pollock
Senior Fellow, Mises Institute
The August personal consumption expenditures price index, the Fed’s main inflation gauge, saw an increase of 3.4%, year over year.
In a 2007 interview, Lew Rockwell was asked if he considered him
It is time for the EU to accept the fact that IP hurts consumers and creates false incentives for producers. Abolish the European IP laws and let competition run rampant.
In 1927, the Austrian economist Ludwig von Mises published a short book titled Liberalism: The Classical Tradition.
Most indicators suggest that the Republicans in the House and Senate are going to face a brutal backlash from the American people in November.
In the days of the American Civil War, Americans were not exactly known for their ideological consistency.
