Why Property Rights Are Absolute, but Contracts Are Not
Because each person's control over his own body and will are inalienable, no person can be held to any sort of slavery "contract" even if all parties once agreed on it.
Because each person's control over his own body and will are inalienable, no person can be held to any sort of slavery "contract" even if all parties once agreed on it.
A rising price of gold and silver in US dollars, euros, Chinese renminbi, Japanese yen, etc. means this: the higher the price of this precious metal, the lower the exchange value of official currencies.
Like it or not, libertarians have divided themselves along left-right lines. Here's a brief explanation.
Will you help the Mises Institute build this new school of graduate economics today?
Central bankers are saying two things at once. First, they say that negative interest rates are a natural historical development. But then they say negative rates are an essential tool central banks are using to manipulate the economy.
There are many reasons we should be skeptical of the GDP statistic. But it is nonetheless important to understand how it is calculated.
Trump's executive order providing a short deferment on payroll taxes is not really a tax cut. But many voters may perceive it as one.
The political entrepreneur succeeds by using the implicit violence of government to cripple his competitors and harm consumers. The market entrepreneur, on the other hand, makes his fortune by providing consumers with products they need at prices they can afford.
After years of working as a DC journalist, Bovard found that "the more oppressive the government acted, the more slavish the press became."
Although it's easier to buy guns in Indiana and Wisconsin than in Chicago, homicide rates are lower in those states than in either Illinois or Chicago.