Mises Wire

By embedding victim-centered justice in law, lack of due process will become institutionalized. The burden of this will fall on men, and in particular black men.

The reliability and service life of the F-35 were greatly exaggerated in earlier reports. Now the aircraft is looking like an even bigger boondoggle than before. 

As one settler put it, "All mankind … have an undoubted right to pass into every vacant country, and to form their constitution, and … Congress is not empowered to forbid them." Unfortunately, Congress had good reasons not to acknowledge this.

For decades, demand-side policies showed diminishing but not lethal results, but now the world has repeated the same policies so many times that there is simply exhaustion.

In some cultures, entrepreneurial achievement and capital accumulations are viewed with high levels of suspicion and envy. This can be disastrous for economic progress. 

Centralizing political power in the hands of the state government only sets the stage for abuses when a new administration takes over. 

If you were to browse the economics sections of bookstores here in my home city, Dublin, you would find a wide variety of books by anticapitalist celebrity economists. Books by free market economists? Not so much. 

“Poverty in society is overcome by productivity, and in no other way. There is no political alchemy which can transmute diminished production into increased consumption.”

In this chapter, we’ll assess several popular explanations for why the Fed’s monetary inflation since 2008 hasn’t generated a comparable increase in price inflation.

At a time when universities have become the most intolerant institutions against intellectual freedom, environments like the Austrian Economics Research Conference have never been more important.