Mises Wire

The “cure” to the current crisis that is forced upon all Europeans now is not just worse than the disease; it is the disease.

 The value of a paper dollar originates from its historical link to commodity money—which happens to be gold—and not government decree or social convention.

The political theorist Douglas W. Rae argues that to get the advantages of Hayekian freedom, everybody should be guaranteed a minimum amount of resources so that they can fully participate in the market.

"If [the draft bill] is passed, the House will be shoving down the throats of the American people the despotic concept of 'Theirs not to reason why; Theirs but to do and die.'"

Today's anticapitalists fall into a familiar pattern pioneered by Mussolini and Giovanni Gentile.

Debt and recession in the United States are big problems. But in both cases, metrics show a better situation in the US than in the eurozone.

A just scheme for reparations requires us to identify specific victims. But current calls for reparations do no such thing. Also, the British economy was not built on slavery, as some now claim.

To succeed, entrepreneurs must demonstrate superior foresight and judgment, and practice continuous dynamic improvement in their assembly and reassembly of assets to serve the consumer.

These short animated videos cover core economic topics, highlighting how economic decisions are a part of our day-to-day life.

For the foreseeable future, war between Armenia and Azerbaijan will be on the table, occasionally turning hot, just as it has in the last weeks. This conflict has no peaceful solution possible other than the one offered by Ludwig von Mises.