Free Markets

Peter Klein explains why the Obama administration can't create innovative manufacturing hubs by simply throwing around taxpayer's money.

There’s austerity in France, but it’s only austerity for the people while the state feasts on ever-increasing taxes.

Mark Thornton presents the case for selling beer at college football games.

This audio Mises Daily is narrated by Clay Barnett.

It’s unclear how Congress is qualified to set the “correct” wage for business owners and executives.

The state has no motivation to accommodate users’ needs, but to crack down on anyone who does not conform to its timeworn model of road usage.

The economic success of the West and of free economies everywhere stems from the acceptance within many societies (to varying degrees) that individuals are all equal in the right to own property and exercise freedom from the collective. States, on the other hand, claim a special and exalted position within society.
 

The minimum wage forces the price of labor up, and rent control forces the price of rental housing down.
 

Matt Drudge revolutionized the internet with his invention of the news aggregator, and we need to do something similar to find the truth about freedom and economics.

Central bank policies spread uncertainty, malinvestment, and unemployment. Only the private economy provides the necessary economic coordination.

Economics is a logical, deductive, human science about real people acting in the real world, with all the dynamism, unpredictability, and creativity that entails. Markets aren’t static, lifeless mathematical constructs but lively, vigorous spaces where people interact and coordinate.