Mises Wire

There is no truly equal way to distribute goods. But capitalism offers a way for more people to benefit from the process of bidding for those goods and services.

On the 71st Anniversary of the Marshall Plan, let's recall that international wealth redistribution schemes don't work any better than domestic ones. 

So impressive is compensation in the U.S. that even fast food businesses are bidding up wages to compete.

"The greatest fallacy of the classical liberals was their assumption that a constitutionally limited state government was necessary."

There's really no need to do legal gymnastics about religious freedom. A simple respect for property rights solves the problem of forced baking of gay-wedding cakes.

Behind the scenes, the great machine of government churns along, often in complete disregard to the president or his stated policies.

“The heart of my thinking is that language is man-made ... and it is only language that enables human beings to control nature.”

To keep market share, business owners must respond to increases in consumer demands — even if owners suspect demand is being goosed by money printing.

In order to abolish tuition fees, governments must find other ways to limit costs. These methods are not without their down side. 

The history of shadow banking development confirms Mises’s thesis that each government intervention leads to unintended consequences.