Mises Wire

When entrepreneurs create profit, we know they are using resources in a way that benefit others. When entrepreneurs causes losses, they are destroying wealth.

The string of spending increases announced daily in Europe disguise an extremely dangerous bet: that the ECB will bail out the eurozone forever.

Elizabeth Warren's wealth tax is based on the idea that the government knows how to use wealth better than the private sector. The plan also ignores that the wealthy have been shown to flee countries with a wealth tax.

Free-market economists don't run the world, and book reviewers at the NYT should stop pretending they do.

California is now the most taxed and regulated state in the nation. Not surprisingly, life here is becoming less affordable, and less profitable.

In the second half of the twentieth century, pro-union and anti-trade policies led to a Rust Belt that became uncompetitive, costly, and unable to cope with reality. More protectionism won't save the region now.

See what we've accomplished this quarter! We are proud of our students, scholars, and events; and we strive for a higher standard in everything we do. Thank you to our Members who make all of this possible.

Allowing a space on the ballot for "none of the above" would be a step in the right direction toward a slightly less farcical political system.

Behavioral economists say that since individuals are irrational, we need more state intervention in the economy. However, their criticism can be turned around: if individuals are irrational, government power is especially dangerous.

Japan's "lost decade" turned into three decades as the scourge of non-stop monetary and fiscal stimulus brought seemingly endless economic stagnantion.