Mises Wire

Profits are sales minus costs.

There are only two ways to solve environmental challenges: competition and technology. That requires capitalism, not the government.

MMT “is a mix of old and new, the old is correct and well understood, while the new is substantially wrong.”

Tucker Carlson insists that capitalism is just a "tool" that governments can regulate and manipulate so as to better serve "the people." In practice, this just means one group of "the people" uses government policy to enrich themselves at the expense of others.

As it celebrates 70 years of the "People's Republic," China shouldn't forget its rise was made possible by its turn away from communism.

In spite of the fact we are told the US is in the grip of a gun violence crisis, new FBI data shows murder rates dropped for the second year in 2018, falling back near 50-year lows.

It is not true that a growing economy will lead to price inflation. A growing economy is an increasingly productive economy and leads to dollars chasing a larger number of goods and services — causing deflation.

It is frequently allege that, under capitalism, people aren’t paid what they are worth to employers. But the commonly-drawn implication that state intervention will improve things is false.

In The Free Market and Its Enemies, Mises wrote, “Even though you know everything about the past, you know nothing about the future.” This explains that the timeframe and economic constraints at work are vital to the expression of entrepreneurial talents.

As the US prison population grew, prisoners turned to larger organizations — such as prison gangs — to provide services and maintain order in prisons.