Mises Wire

All economic and political systems involve competition over scarce resources. So it's wrong to say competition is the distinguishing characteristic of capitalism.

Only one company is still writing workman's comp policies for the NFL. Insurers fear Chronic Traumatic Encephalopathy (CTE) may be the new asbestos, with lawsuits extending into the distant future.

Anthony de Jasay, an important  free market  economist and political philosopher passed away on January 23.

"The main thing is that the government should no longer be in a position to increase the quantity of money in circulation and the amount of checkbook money not fully — that is, 100 percent — covered by deposits paid in by the public."

The shutdown is an example of how the government cannot be counted on to deliver on its promises.

Back in 1998, I was working in the filthy world of trade.

The rise of interest in free market economics has come from outside academia and Economics in One Lesson has been a great part of this awareness.

Spending $12 billion per day is not a shutdown. Spending 7% less than you spent last year is not a shutdown.

Government spending doesn't create wealth. It destroys wealth.

The core problems protested by the "Yellow Vests" are largely of an economic nature, while they also targeted the political class that is widely seen as being out of touch with reality.