In Socialist Venezuela the Poor Starve to Death While the Politically Powerful Feast
While the outrage over Maduro’s dinner with "Salt Bae" is well deserved, it's just a taste of how socialism actually operates in the real world.
Mises Wire
Frank Fetter and the Austrians
Fetter is mostly neglected today, but he had a powerful influence on practically every Austrian economist in the first half of the 20th century.
Median Household Wealth in America Is Going Nowhere
As of 2016, median wealth in the United States was still near 1983 levels.
Central Planning Failed in the USSR, but Central Banks Have Revived It
When I left Soviet Russia in 1991, I thought I would never see a command-and-control economy again. I was wrong. Over the past decade the global economy has started to resemble one.
The Story of the Mises Institute
The number of Misesians was once so small that all of them knew each other personally. The world is very different now.
No, Robots Cannot Replace Us
When robots may be more effective workers and possibly better engineers, they cannot figure out what is valued. That’s the task of entrepreneurs, who bet on what consumers will want.
What to Do Until Privatization Comes?
Libertarians know what should be done about government services and operations: they should be privatized. What should be done in the meantime?
Can Consumer Surveys Tell Us Where the Economy Is Headed?
If a large group of people express an opinion regarding future economic conditions, it does not make it more accurate than the view expressed by any particular individual.
Capitalism Makes Us More Humane
Why is it that starving Venezuelans are eating dogs while Americans are rescuing dogs from hurricanes?
We Still Haven’t Learned the Right Lessons from the 2008 Crash
It's frightening to see the persistent lack of insight shown by policymakers and financial media on the 2008 financial crisis.
