Mises Wire

While rain at an outdoor concert is a nuisance for most attendees, a few entrepreneurs saw not "pennies from heaven," but dollars.

Once states can extend their monopolies over vast expanses of land and cultural regions, states are more easily able to increase their taxation and regulatory power without danger of losing significant amounts of tax revenue due to migration.

Einstein might have been one of history's most brilliant men, but even his great mind could not have made socialism work. Unfortunately, he wasn't smart enough to see that.

What many people call government generosity Leonard Read called avarice.

While many believe that technology is key to a growing economy, technology is useless without entrepreneurship, which develops uses for technology.

In their desire to make economic theory emulate physical sciences, economist create models that do not reflect genuine human action.

In the preindustrial world, aggression and physical domination were often labeled as "masculine" virtues because they were useful for survival. The rise of the cooperative market economy changed all that. 

While environmentalism seems to hold the moral high ground with US elites, in truth it is antihuman and economically and socially destructive.

The Republicans' "Fiscal Responsibility Act" allows the government to continue adding trillions of dollars of debt that will be monetized by the Federal Reserve.

Political leaders of the so-called liberal Western regimes are engaging in authoritarian tactics to quell legitimate dissent. But leftists who riot and burn get a free pass.