Mises Wire

The "Green New Deal" is aptly named, in the sense that the original New Deal was a massive boondoggle that restricted liberty and crippled the economy.

The economist’s lot is to study a field in which, almost more than any other, human folly displays itself. 

The Venezuelan central bank helped the regime destroy the middle class's wealth for many years.

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.

Big firms that dominate the marketplace have never had much of a problem with government regulations that keep new competitors from springing up.

The academic scholar, along with the great teacher, is vanishing from the universities and being replaced by one-dimensional specialists.

Austrian scholars should not shy away from engaging mainstream law and economics scholars.

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.

The real value of saving is found in how much it supports and sustains the individuals who are engaged in various stages of production.

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.