Mises Wire

Major league baseball wants to cut back the minors in order to cut losses. But Bernie Sanders has other plans that may ultimately help kill pro baseball.

Studies have shown that the amount of money paid in the low-wage labor market declined overall as a result of minimum wage hikes.

Butler belongs in the pantheon of genuine heroes, along with his friends Murray Rothbard and Burt Blumert. Fortunately for us, another of those heroes, Butler’s friend Ron Paul, is still here to lead us and inspire us.

From cops killing innocents in their living rooms to private citizens shooting down criminal gunmen, 2019 provided some highlights of why so many Americans choose to arm themselves rather than trust in government protection.

Hunter-gatherer societies stripped the local environment of resources and then moved on to another place. There was nothing environmentally responsible about this sort of economy, in spite of modern efforts to portray prehistoric humans as tree huggers.

"Truth has a power that cannot be touched by physical force. It is impossible to shoot a truth."

A “free trade agreement” in practice isn’t simply an index card declaring, “Tariffs on Country X are 0 percent, three cheers for Bastiat!” These are managed trade agreements, with hundreds of pages devoted to detailed regulations that smack of top-down Soviet planning.

The mainstream National Bureau of Economic Research definition of recessions is of little value. Real saving, not consumer demand, is the real driver behind economic growth.

Some Latin American policymakers seem to think China will offer easy terms for loans and trade agreements. They're wrong. China isn't as rich as many think.

Clearly marked prices on private-sector cash-payment surgeries are a great thing. In fact, the competition of for-profit surgery centers drives down prices at more "traditional" (i.e., highly bureaucratized) hospitals.