Mises Wire

Speculation is swirling as to what the Federal Reserve might do next. None of the likely next steps are terribly promising.

Years after his death, more students and scholars than ever are reading and building on the work of Murray Rothbard. Meanwhile, the Conservative movement that so often attacked him is quickly vanishing.

Subsidies, government quotas, and regulations of workers won't make us richer or better off. Only private owners and entrepreneurs can determine the best way to use labor (and capital). 

Civilized man is adjusted to life in society and not to that of a hunter in virgin forests.

The Austrian Economics Research Conference is the annual academic conference for scholars and faculty working in the tradition of the Austrian school of economics.

Central banks are in the business of price controls through monetary policy. But, when monetary policy fails, as it is doing now, central banks may look toward more broad forms of price controls as well.

Due to over prescription of legal opiates, many patients become addicted and end up turning to illegal opiates like heroin. Overdoses and other tragedies soon follow.

Statistics, so vital to statism, its namesake, is also the State's Achilles' heel.

People are not supposed to notice that every terrorist attack represents a major government failure and that rewarding failure with more of the same policies only invites more failure.

California is on the verge of increasing the statewide minimum wage to $15, from $10. According to one pro-minimum wage policy advisor, "It would mean a raise for one of every three workers in the state."