Textbook Definitions of Economics: An Informal Survey
The fundamental divide between Austrian economics and the mainstream is apparent on the first page of many textbooks, in which the authors simply define economics.
Mises Wire
Politicians Pander to an Anti-Fed Public
While Wednesday’s Republican Presidential Debate was yet another pathetic display of would-be tyrants battling for the right to one day have their portrait recognized by school children – there was one line of questioning that should give fans of Ludwig von Mises reason for optimism.
Today’s War Against Deflation Will Make Us Poorer
The problem with the central bank's easy-money policies is not primarily that it leads to rising prices. The big problem is that it leads to the crippling of the wealth creation process and the movement of resources from productive to non-productive sectors.
Sunday of the Blind, or the Failed Revolution
Revolutions and protests, violent or peaceful, only momentarily overcome the habit of civil obedience La Boétie talks about.
US Soldiers Are Paid Significantly More than Civilians with Similar Skills and Education
For years, Americans have been often exposed to a persistent myth that American military personnel are shamefully underpaid and generally taken for gr
FOMC: We’ll Raise Rates Some Day; We’re “Hawkish” Now
The Fed's Federal Open Market Committee released a brief statement on its decision to not raise the federal funds rate. The language sounds very familiar.
Underwear Prices to Remain Near Zero
The Federal Underwear Reserve Board wants to make sure that investors, employers, workers and consumers understand that it could raise its benchmark underwear price in December; it just is not ready to make any promises yet.
The War on Cars Is a War on Workers and the Poor
Government planners are fond of dreaming up new ways to force people out of their cars. But automobiles have long been a boon to ordinary working people who can access less expensive goods and better jobs because of them.
Spectre
James Bond is not a name that's typically mentioned in discussions of humble foreign policy or the importance of enforceable property rights.
Robert Shiller Imagines What Consumers Should Want, While Ignoring What They Do Want
Neoclassical economists make too many assumptions and decree that the desires of consumers must conform to some external definition of what's "rational." But consumers like to decide for themselves what they want, and when they want it.
