Mises Wire

The General Theory is not a book explaining economics to his followers at all, but a propaganda tool to lead them to his vision of a non-Marxist socialist nirvana.

Price-control schemes have been failing for thousands of years. Now it looks like politicians in Washington are going to give price controls yet another try.

When corporations can make more money by angling for government favors than they can by serving customers, that is exactly what they are going to do.

The tactics used by central banks don't just create bubbles or drive up prices. They actively destroy value and act as a tax on real producers in the economy.

True economic value begins in the minds of individuals, and only individuals can predict, plan, and act in the marketplace.

Those who believe in the free and unhampered market economy should be especially skeptical of war and military action. War, after all, is the ultimate government program.

The slowdown of the European economy is a disaster considering the enormous stimulus we are immersed in.

The resurgent claim that the modern economy was built on slavery is yet another attempt to attack capitalism while also claiming "we are all to blame" for slavery. The slave owners of old tried a very similar tactic.

Population growth and specialization are not enough to make economies grow. The key ingredient is entrepreneurship.

Even Marx was forced to admit that workers were not being paid at subsistence levels, and that capitalism led to a rising standard of living for workers. So in order to save his theory, he redefined the concept of subsistence.