Mises Wire

Japan's "lost decade" turned into three decades as the scourge of non-stop monetary and fiscal stimulus brought seemingly endless economic stagnantion.

The given explanations for "implied consent" to government rule would never pass muster if applied to any private-sector organization.

Bernie Sanders's proposed "House Fixing tax" would not only hurt flippers and their homebuying customers but also some landlords and tenants as well.

The economist’s task is not to demonstrate (empirically) that x is associated with y, but to provide a causal explanation of how x affects y.

Entrepreneurs try to find gaps in the marketplace where consumers are not quite satisfied with the status quo. Successful entrepreneurs then fill in those gaps.

Local governments think the key to "smart" downtown development is to restrict parking, and force people to take a bus. In reality, people just decide to avoid downtown, thwarting efforts at development.

Environmentalists rightly point out it is very difficult to manage a complex ecosystem. But they conveniently ignore the fact it's even more difficult to manage an economic system — especially one thrown into disarray by environmental regulations.

We need an anti-politics movement just as surely as we need an antiwar movement. 

If we grant that Indian tribes ought to be able to restrict membership (i.e., naturalization) for their own groups, on what principle can this be denied to other groups?

Workers get paid now, but the capitalists only get paid if there is a profit. This is why workers aren't paid 100 percent of the value of their output. For them, there is far less risk than for the capitalist.