Mises Wire

While many have been talking about Venezuela's food shortages,  Cuba is now implementing a rationing program to combat its very own socialism-induced shortages of basic goods.

Henry Hazlitt's review of Man, Economy, and State published in National Review in September, 1962.

Contrary to popular thinking, the velocity of money does not have a life of its own.

The rhetorical framing of "climate change" is far removed from the underlying research. And the real-world costs of "doing something" are rarely considered.

Vikram Mansharamani’s second edition of Boombustology: Spotting Financial Bubbles Before They Burst has all the great insights from the first edition plus a foreword by James Grant.

Austrian economics diverges in several important ways from that followed by our colleagues in the mainstream of the profession.

Monetary policy has gone from being a tool to support fiscal reforms to an excuse for not implementing them.

Victories against the drug war have all come first at the local level, and only then does the national government slowly back off its drive to dictate to Americans what they can eat or smoke.

John Locke was ridiculed for suggesting that people "consent" to their government by not emigrating. Hume suggested this theory could be used to claim consent for even the most outrageous tyrants.

Capitalists provide a service to workers: access to capital with no risk, and immediate payment for services. Meanwhile, starting your own business brings both risk and a long wait before the profits start rolling in.