The Money Myths Behind the Creation of the Federal Reserve
Roger Lowenstein's new book on the Federal Reserve relies on some well-worn myths about the monetary history of the United States.
Mises Wire
Inequality Doesn’t Create Poverty
When egalitarians like Oxfam say some people are "worse off," they really mean those people are getting rich more slowly than some others.
The Antidote to Marxist Literary Criticism
In a new book Literature and Liberty, Allen Mendenhall brings a fresh eye to literary criticism — a discipline long marred by doctrinaire Marxism.
How Bad Entrepreneurial Judgment Killed Half-Life 3
A lack of entrepreneurial and managerial direction prevented Valve from coordinating enough to focus on developing a new Half-Life.
What Republicans Miss About Healthcare Reform
Senator Rand Paul's proposal is an improvement from Obamacare, but it doesn't address the fundamental problems with American healthcare.
Ludwig von Mises as a Social Rationalist
Joseph Salerno's essay "Ludwig von Mises as a Social Rationalist," is now available in a new easier-to-read version.
The Dangers of a “Universal Basic Income”
A "universal basic income" serves to make workers and entrepreneurs less likely to produce goods and services the consumers need most.
Will Trump Continue the Bush-Obama Legacy?
The only way to avoid fiscal crises is to stop increasing spending and instead begin reducing spending on all aspects of the welfare-warfare state.
In a Free Market, No Profit is “Excessive”
Profit is a product of the mind, of success in anticipating the future state of the market. It is a spiritual and intellectual phenomenon.
Why Fractional-Reserve Banking Would Be Limited in an Unhampered Market
In a free market economy, banks would actually have to clear their checks and this would be a deterrent to creating money out of "air."
