Mises Wire

Liquidity only disguises risk; it does not resolve solvency issues driven by collapsing cash flows while costs remain elevated.

Capitalists, acting as intermediaries between present production and future consumption, are the key players in every capitalistic economy.

One of the worst injustices committed by states is the prevention of parental teaching of their own children. Parental instruction conforms to the ideal arrangement. It is, after all, individualized instruction.

Many view "the rich" as people sitting on sacks of money doing nothing with it. The truth is capitalists use capital to produce goods and services which benefit the public.

It is sad that the contemporary American university has sunk so low from the heights of medieval Oxford, Cambridge, Paris, and Salamanca. Fortunately, private alternatives are still available.

The original American progressive movement was split into two groups: the corporatists and the socialists. Woodrow Wilson was able to work with both. In Kamala Harris, he may have an heir.

Economists who have written on punishment find Rothbard's “double restitution” idea puzzling, because they think about it only in terms of economic efficiency. But Rothbard's theory is based on a moral principle.

An entrepreneur earns profit by serving the consumers, the people, as they are and not as they should be according to the fancies of some grumbler or potential dictator.

Just how is this magic created? The spurring of demand in the midst of a covid-created depression. The wizards at the Fed and Treasury have created an intoxicating frothy brew for stock and home buyers alike.

The mother of all monetary stimuli could turn out to be worse than a dud—a catalyst to a slide into further recession just as the supply shock of pandemic recedes.