Mises Wire

Bad theories have a long life in the social sciences, and the crude quantity theory of money is one that refuses to go away.

The heart of economic growth is the expansion of real savings. Monetary pumping only destroys wealth and savings.

"The natural condition of man is extreme poverty and insecurity. It is romantic nonsense to lament the passing of the happy days of primitive barbarism."

China’s “new infrastructure” will likely be but one more example of the false promise of technology as an antidote to the irrationality of state-controlled economies.

Economists have long tried to use the idea of "public goods" as justification for a wide variety of government interventions. But there is no objective measure for what's a public good and what's not.

A moral injustice is a legal injustice, period.

It's possible that there may yet be a V-shaped recovery as employment really takes off in the next few months. But, so far, there's little reason to assume this will be the case.

Murray Rothbard’s number one rule in an economic crisis is for the government not to interfere with the market’s adjustment process. Doing so will only perpetuate the crisis.

The medical profession has long employed the state to pad doctor salaries and influence. Before the Flexner Report, mechanics made more than doctors and the brightest students avoided the profession to enter the clergy.

The political machines that run America's cities are likely to keep running them when these protests and riots end. Taxpayers will be worse off, but politicians will be even more powerful.