Mises Wire

So impressive is compensation in the U.S. that even fast food businesses are bidding up wages to compete.

“The heart of my thinking is that language is man-made ... and it is only language that enables human beings to control nature.”

Behind the scenes, the great machine of government churns along, often in complete disregard to the president or his stated policies.

In order to abolish tuition fees, governments must find other ways to limit costs. These methods are not without their down side. 

The history of shadow banking development confirms Mises’s thesis that each government intervention leads to unintended consequences.

Just because some judges agreed with a law in the past doesn't make that law good or moral. 

To keep market share, business owners must respond to increases in consumer demands — even if owners suspect demand is being goosed by money printing.

Some members of Congress are pushing for new laws to make police a protected group in a way similar to "hate crime" legislation. 

It is unfortunate that a scholar as careful as Robert Skidelsky has chosen to downplay the historical reality of the failure of central banking.

The Vatican's latest document on the financial system calls for a variety of laws and sanctions to stop people from being greedy.