Mises Wire

It's not that we need to rid ourselves of the baggage of macrostatistics completely. Rather, we need to 1) critically assess whether they are appropriate, if so, 2) for what role, and finally 3) whether they are consistent as a tool we can use to tell the story we want.

Private property is not a privilege merely of the property owner, but a social institution for the good and benefit of all, even though it may at the same time be especially agreeable and advantageous to some.

Our government is forever whining about, threatening against, high drug prices. Our pharmaceutical industry is “fighting” the Chinese in this economic “war” with both its hands tied behind its back.