Free Markets

When interest groups invented the crime of jaywalking.

Interviewed by host Elijah Johnson, Mark Thornton explains how the Austrian view of economics contrasts

Unable to compete with cheap, government-subsidized services designed for the low end of the market, entrepreneurs find they must turn to higher-end customers who will pay more. Some wrongly interpret this as proof that markets are more expensive than government services.

Recorded at the Mises Circle in Houston, Texas, 24 January 2014.

The drop in gas prices has left households with a little extra money to spend. So naturally, the state thinks it's a great time to raise gas taxes. Otherwise, taxpayers would just waste that money on their families.

"Good news, everyone!" Mark Thornton discusses the positive results of marijuana legalization in Colorado.

Many look to socialize health care as a way to reduce costs, but the only way to increase supply and reduce costs is for government to stop subsidizing health care while limiting its supply.

Mises Daily Thursday by Dale Steinreich.

Christmas is the most pro-capitalist of all holidays because its worldly joys are based on private property, voluntary exchange, and mutual benefit. It's also one of the least political of all major holidays.

The Harrison Narcotics Act of 1914, a bill with racist origins designed to increase the tax burden on non-whites in the United States, was passed 100 years ago today. It has since given birth to an immense police state apparatus.