Mises Wire

Social media exploded with outrage this week after American investor Martin Shkreli purchased the rights to sell the drug Daraprim and raised the p

Senior Fellow Mark Thornton is interviewed on The Power & Market Report. Dr. Thornton discusses the Skyscraper curse in Auburn, Alabama, the relationship between skyscrapers and the Austrian business cycle, and why the market forgets about crises.

Tom Woods writes: "Fortune magazine took a bit of a swipe at me this week, taking aim at my defense of the free market in the face of the comments of Pope Francis. I devote this episode to a full-fledged response."

In what Agence France-Presse calls a “fierce

There’s much debate over how the Fed determines interest rates. Many pundits seem to assume that central banks dictate interest rates to the market. In fact, central banks mostly affect interest rates indirectly through their power to change the money supply.

When George W.

Mark Spitznagel and Rand Paul

Eager to focus on what they're best at, college athletes often gravitate toward the easiest majors and classes. But that doesn't sit well with some college administrators who haven't made peace with the realities behind the division of labor.

The Canadian Fraser Institute’s “Economic Freedom of the World”