Mises Wire

The most characteristic feature of post-WWII business cycles is that they have originated in deliberately inflationary policies directed by central banks. 

Bernie Sanders justifies his millions this way: he worked for it by writing a book. He also says that if you write a book, you could be a millionaire too. It's just that easy!

The Bill of Rights doesn't mention that freedom of speech is restricted to a special class of establishment journalists. Freedom of speech is a universal property right, regardless of what the establishment-media gatekeepers say.

Many on the Left still cling to the idea that if they can only elect "the right people," everything will be fine. This is a doomed strategy.

Hoppe sees the fundamental difference between the worldviews of Left and Right: The Right accepts the reality of human differences but the Left does not.

The fallacy that labor-saving machines create technological unemployment has not only been disproved by theory but also by the whole history of mankind.

Government policies designed to encourage you — or force you — to "buy local" reduce our standard of living while encouraging class conflict.

Liberty can be lost and so can the benefits of capital accumulation. The well developed capital structure is not a given. It can be eroded by central banks and by government policies and regulations.

The thinking goes that MIT's new GDP-B measure allows the statistician to estimate a “consumer surplus.”

The increasing importance of elite higher education is a symptom of "political capitalism" in which success is determined by political connections rather than by the satisfaction of consumer preferences in the marketplace.