Mises Wire

Truckers are paid less now than in the 1970s because government regulators once tightly controlled competition, thus driving up the cost of living for everyone else.

The most characteristic feature of post-WWII business cycles is that they have originated in deliberately inflationary policies directed by central banks. 

Bernie Sanders justifies his millions this way: he worked for it by writing a book. He also says that if you write a book, you could be a millionaire too. It's just that easy!

The Bill of Rights doesn't mention that freedom of speech is restricted to a special class of establishment journalists. Freedom of speech is a universal property right, regardless of what the establishment-media gatekeepers say.

Many on the Left still cling to the idea that if they can only elect "the right people," everything will be fine. This is a doomed strategy.

Hoppe sees the fundamental difference between the worldviews of Left and Right: The Right accepts the reality of human differences but the Left does not.

The fallacy that labor-saving machines create technological unemployment has not only been disproved by theory but also by the whole history of mankind.

Government policies designed to encourage you — or force you — to "buy local" reduce our standard of living while encouraging class conflict.

Liberty can be lost and so can the benefits of capital accumulation. The well developed capital structure is not a given. It can be eroded by central banks and by government policies and regulations.

The thinking goes that MIT's new GDP-B measure allows the statistician to estimate a “consumer surplus.”