Mises Wire

There are many reasons we should be skeptical of the GDP statistic. But it is nonetheless important to understand how it is calculated.

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.

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.

After years of working as a DC journalist, Bovard found that "the more oppressive the government acted, the more slavish the press became."

We need both prices and entrepreneurs to have a functioning and prosperous marketplace. Under socialism, though, we have none of the above.

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.

Eastman saw Lenin as a dogmatist guilty of great crimes, and socialism a recipe for disaster. Reflections on the Failure of Socialism is the record of his insightful assault on socialism and his defense of the free market.

The crisis we faced in 2008 has not gone away, as we failed to heed its warning to change course and reduce debt levels. Instead, it has become bigger and more dangerous.

Pennsylvania is telling hospitals to distribute covid-19 drugs based on race. Those from "disadvantaged communities" get the drugs first.

Nock despised plutocratic conservatism, and rightly saw Herbert Hoover as the embodiment of this point of view. Above all, Albert Jay Nock hated militarism and intervention in foreign wars.