California politicos lied about the cost of the failing Oroville dam, then failed to maintain it properly. But, government will likely escape all blame.
California politicos lied about the cost of the failing Oroville dam, then failed to maintain it properly. But, government will likely escape all blame.
The Goal of Socialists Is Socialism — Not Prosperity
Some claim that if socialists understood economics they wouldn't be socialists. This is doubtful since the larger motivation is often political control.
Some claim that if socialists understood economics they wouldn't be socialists. This is doubtful since the larger motivation is often political control.
“Real Wealth” vs. the Boom-Bust Cycle
In a boom-bust economy, there is real wealth, and there is bubble wealth. Economic busts are a "cleansing mechanism" that clears out the bubble wealth.
In a boom-bust economy, there is real wealth, and there is bubble wealth. Economic busts are a "cleansing mechanism" that clears out the bubble wealth.
Proclaiming health care to be a "right" won't make new doctors, hospitals, drugs, and medical equipment fall from the sky — in just the right amounts.
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.