Mises Wire

The benefit of automation is that it leads to an increase in real wages. This was true 100 years ago, and it is still true today.

We can build upon our understanding of liberalism, but as Ralph would stress, we should never forget our traditions, or discount our principles.

The age old fallacy of price control, now in mobile payment form.

Areas where median wages are lowest are hurt the most by minimum wage increases. Puerto Rico is no exception.

When the Cuban government stole Havana Club rum from the true owners, it set into a motion an intellectual property debate that lasts to this day.

The works of Mises, of Rothbard, of the great Austrian thinkers were unavailable in Hungary — until now.

Obama's unilateral move to create National Monuments in Western states is simply the natural outcome of allowing federal control of so much land.

Congress seems set to reform the Fed, but what we really need is Fed competition.

With gold reserves shrinking, and a collapsing currency, it is only a matter of time until Venezuela defaults on its foreign debt

In response to new mandated wage hikes, restaurant owners are likely to raise prices, cut waiter jobs, and move toward less reliance on labor.