Venezuela’s Economic Collapse Was Enabled by its Central Bank
The Venezuelan central bank helped the regime destroy the middle class's wealth for many years.
Mises Wire
The Euro Shows That a Fiat Money System Is More Expensive than We Thought
A traditional argument for unbacked fiat money was based on the idea it was less-costly to produce fiat money than gold or silver. This cost savings could then enrich society overall. But recent data suggests this isn't true.
On Being an Economist
The economist’s lot is to study a field in which, almost more than any other, human folly displays itself.
Capitalism Doesn’t Cause Consumerism — Governments Do
It's government — not markets — that intervene to "stimulate" ever greater amounts of spending and consumption. A healthy market economy, meanwhile, relies on both saving and spending.
Herb Kelleher and the Free-Market Fight for Southwest
Big firms that dominate the marketplace have never had much of a problem with government regulations that keep new competitors from springing up.
The Decline of the Scholar and the Decline of Academia
The academic scholar, along with the great teacher, is vanishing from the universities and being replaced by one-dimensional specialists.
What Austrians Can Teach “Law and Economics” Scholars
Austrian scholars should not shy away from engaging mainstream law and economics scholars.
Why We Need Savings to Produce What We Need
The real value of saving is found in how much it supports and sustains the individuals who are engaged in various stages of production.
Gilets Jaunes: French Protesters Demand Lower Taxes and More Spending
The Gilets Jaunes are a crisis for the French state, and it remains to be seen if the French leviathan will use it to expand their powers.
No, Paul Krugman, This Shutdown is Not a “Big Libertarian Experiment”
Paul Krugman seems to think those who like freedom and free markets are somehow responsible for the current mess brought on by crippling government debt and an enormous federal budget.
