Following the collapse of the USSR, many socialists pinned their hopes upon the development of a "market socialism" that would be economically efficient and create equality. Marxist philosopher G.A. Cohen wisely dissented.
Governments never curb inflation because they benefit from it. Money creation is never neutral and disproportionately benefits the only monopolistic player in the economy: the state
Mises U students share what it's like being at the Mises Institute.
Student debt is a huge social problem, but the reason is that higher education costs themselves have become a major problem and are a financial burden whose costs outweigh its benefits.
Speculators are reviled in the media and by politicians and academics. Yet the speculators are the ones taking risks to ensure the rest of us can have more economic certainty.
Students share their experiences at Mises University.
In this new age of decentralized and democratized content creation, union members' demands may simply be based on wishful thinking for a bygone era.
In 1944, F.A. Hayek's best-selling book, The Road to Serfdom, warned the West that the "free" nations would lose their freedom as government expanded. He was right.
Social democrats are so desperate to cast off limits on government that they'll embrace anything that justifies their ambitions. So they invent theories of money that are very, very wrong.
