Mises Wire

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

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.

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.

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.

Wealth creation and savings are a far better indicator for economic prosperity than the "job creation" sought by politicians who use tax incentive programs for political purposes. 

Many Americans now believe in a version of "freedom" which is nothing of the sort — because it requires more violent coercion exercised by government agents.

Not everything needs to turn into a nationwide systemic problem when the federal government is a political mess. We ought to decentralize now to limit the damage the feds can do.