Mises Wire

Ron Paul's message of peace is a critical component in limiting the power of the state. Unfortunately, few ever question the branch of the state known as "the military" and assume that militarism and empire can be compatible with a free society. 

We’re regularly told by the Fed and defenders of the current incumbent president that the economy is humming along pretty well.

Puerto Rico failed to meet a $58 million debt repayment deadline Monday, triggering one of the most significant municipal bond defaults in U.S. history.

The data shows that many Greek workers work for long hours, and some labor data suggests the Greek economy must be fine. But a closer look shows that hard work isn't enough when many others live off the productivity of the working few.

The Skyscraper Curse Hits South America!

In his Economic Viewpoint memo yesterday, Brendan Brown,  Executive Director and Chief Economist of Mitsubishi UFJ Securit

A Bulgarian translation of Democracy: The God That Failed is now available.

I thought this photo (below) from July 2015 did an especially good job of capturing the camaraderie between Joe and his

Yes, jobs will be destroyed by innovation, as they’ve always been, but it doesn’t mean we’ll run out of jobs. New ones will be created as new technologies are developed, engineered and maintained. And, overall, these will be better, more high-skilled jobs. The agriculture industry provides a case in point.

Capitalists generally think in terms of future earnings, and future value of investments often helps determine the present value. Hillary Clinton, however, has decided to achieve her short-term election goal by hectoring capitalists for thinking too much about the short term.