Mises Wire

Entrepreneurs try to find gaps in the marketplace where consumers are not quite satisfied with the status quo. Successful entrepreneurs then fill in those gaps.

Local governments think the key to "smart" downtown development is to restrict parking, and force people to take a bus. In reality, people just decide to avoid downtown, thwarting efforts at development.

Environmentalists rightly point out it is very difficult to manage a complex ecosystem. But they conveniently ignore the fact it's even more difficult to manage an economic system — especially one thrown into disarray by environmental regulations.

We need an anti-politics movement just as surely as we need an antiwar movement. 

Workers get paid now, but the capitalists only get paid if there is a profit. This is why workers aren't paid 100 percent of the value of their output. For them, there is far less risk than for the capitalist.

Central bankers are claiming that a global savings glut is driving down the "natural" interest rate to negative levels. They're wrong.

Conservatives tell us that we must move beyond the idea of allowing people to trade freely in the marketplace. "Patriotism" is the true measure of economic policy, and that requires higher taxes, more government spending, and a powerful state.

Both left and right now repeatedly push a myth: the myth that governments have been taken over by laissez-faire hard-core free-market economists who have turned the world into a landscape of untrammeled capitalism.

Central Banks now have an alphabet soup of policy tools. But it's all radlly just more of the same — that is, inflationary easy-money monetary policy.

A new banking crisis is not only in the making, for which the repo problem serves as an early warning, but it could escalate quite rapidly.