Free Markets

My journey with Austrian economics and the Mises Institute began in 1992.

The war on drugs has no benefits, just costs and negative unintended consequences. These include drug-addict crime, drug-dealer violence, bribery and corruption, and the increase in drug potency to deadly levels.

Investor Mark Spitznagel and Ron Paul discuss agriculture policy, Wall Street, fiat money, investing, and Ron Paul’s plans for the future.

Supporters of minimum wage hikes claim that such hikes have little or no effect on employment, but the law of demand makes it clear that the effects of such price controls are very real.

Political consultants and mainstream reporters are fixated on conventional electoral politics, as if no other form of societal change were conceivable. Meanwhile, the real threat to the established political order is the intellectual movement behind radical free-market libertarianism that continues to build and grow.

The "Lost Decade" narrative in Japan and the US has kept the drive for more government intervention going for a long time.

The nonprofit form of enterprise is indispensable to both recipient individuals and the benefactors who fund them.

 If, for good reason, we generally distrust the concentrated power wielded by coercive monopolies, we ought to avoid at all costs placing more power in the state, the ultimate embodiment of monopoly.

Thanks to Henry Hazlitt, Paul Cantor and others, a body of work by free-market literary critics is now beginning to emerge, writes Jo Ann Cavallo.

Supporters of government interventions like minimum wages. Careful analysis reveals another story, however. Without sound theory to explain them, such simple statistics are meaningless.