Free Markets

Peter Klein articulates several reasons why our current "Healthcare System" is so expensive, and explains how only the free market can halt the escalating costs.

Joe Salerno discusses the economics of Price Gouging.

Peter Klein talks about inequality—how people are different, what determines income and wealth on the free market, why elites are so excited about Thomas Piketty's new book on capital, and how attempts to reduce aggregate inequality through progressive taxation are fraught with difficulty.

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.