The Free Market Levels the Playing Field
We're told the rich only get richer, but under capitalism, old wealthy owners and industries are regularly replaced by new entrepreneurs and firms.
Mises Wire
More Populism Might Have Produced a Better Fed Chair
Trump's selection of Jerome Powell highlights a flaw in Hayek's strategy to change public policy through "second hand dealers of ideas."
GOP Tax Plan Increases the Most Insidious Tax
Politicians love the inflation tax because it allows them to increase taxes without having to vote for higher rates.
When Gunmen Strike, You’re on Your Own
Police took more than an hour to confront the Las Vegas shooter. And that's just one illustration of how government monopolies work.
An Economist’s Biography of Andrew Carnegie
Carnegie’s entrepreneurial talents in developing new markets cannot be ignored, despite his unscrupulous dealings with politicians.
Two Reasons Why The Mexican Peso Appreciated in 2017
After a rough 2016, the Peso has made gains in 2017.
International Trade Under the Soviets: A Comedy of Errors
Economic calculation is impossible under socialism. This is as true with international trade as with domestic.
Stop Canada’s War on “Passive” Investment
Economic growth in Canada will continue to be hampered as long as the government continues to erect roadblocks to business investment.
George Fitzhugh, the Honest Socialist
Fitzhugh accepted the paternalist argument that US slavery had bettered the position of the slave — and then applied this idea to all races.
Stop Saying “We’re a Republic, Not a Democracy”
Madison's ideas of "democracy" and "mob rule" apply to no regime today, and no modern self-styled "democracy" fits Madison's definition.
