Mises Wire

The true lessons of Thanksgiving are that private property, the market economy, and personal responsibility lead to prosperity, while government intervention makes us all poorer.

Everything in human life is organized around how we make decisions about three things: scarcity, property, and relationships.

The first English settlers in America learned a hard lesson about socialist economics in the early years of their new colonies as they faced starvation. Once they embraced free enterprise, however, they had something to be thankful for.

Defenders of the Fed have long been at a loss to explain how anyone could ever oppose the Fed and its “stimulus” programs.

President Obama has claimed that mass shootings do not occur in other countries. But, the data is clear that they do happen other places, and in places with stringent gun control laws. Worldwide, the state fails to keep its citizens safe.

Murray Rothbard reviewed an early work by Douglass North, The Economic Growth of the United States, 1790-1860.

Bernie Sanders and other advocates for more taxes like to note that income tax rates hit 90 percent in the 1950s. What they leave out is that few ever paid such rates and total tax revenues were about the same then as today.

Patrick Barron, an associated scholar with the Mises Institute, passes along a letter he wrote to the Philadelphia Inquirer in response to