Mises Wire

The only way to avoid fiscal crises is to stop increasing spending and instead begin reducing spending on all aspects of the welfare-warfare state.

Profit is a product of the mind, of success in anticipating the future state of the market. It is a spiritual and intellectual phenomenon.

In a free market economy, banks would actually have to clear their checks and this would be a deterrent to creating money out of "air."

What these "excuses" point to is the marginal productivity of the worker is lower than the salary the employer is forced to him pay by law.

The nation braces itself for the inauguration of a new president. Politics, however, will not cure what ails us.

Does not big business wrap itself in the mantle of free markets? If so, are not exponents of free markets supporting crony capitalism?

There is a lot of talk about tax reform these days. Not surprisingly, none of it involves cutting spending or lessening government revenue.

The European Union could have been a mere union of states committed to increasing free trade and free movement. But, it has become nothing of the sort.

Today is the birthday of Butler Shaffer, a pioneer of the libertarian movement and an outstanding legal theorist.