Without markets, there is no way to manage scarce resources, and this includes natural resources like forests. Only markets can provide the sort of balanced long-term planning necessary to both utilize and preserve natural resources.
Matt Zwolinski, a philosopher at the University of San Diego, claimed on the Tom Woods show that libertarians should support a basic income guarantee. Woods countered his arguments.
The Fed's Federal Open Market Committee renewed its commitment to easy money this week. The Fed will pretend to be committed to raising rates while doing nothing, and its ongoing war against deflation will continue to make us poorer.
First they came for the cash, then they came for the microwaves. Sweden is the first country to experiment with negative interest rates in a cashless society.
On this episode of Mises Weekends, Jeff Deist and Bob Murphy discuss how government medicine is killing us.
According to the Organization of Economic Cooperation and Development, "social expenditures" are expenditures that occur with the purpose of redistributing resources from one group to another, in order to benefit a lower-income or presumably disadvantaged population.
Thanks to enterprising Peruvians who ignore the regulatory state, Peru continues to see growth in the standards of living of its citizens. Unfortunately, the global elites behind the World Bank are determined to regulate and "modernize" Peru until this entrepreneurial spirit is destroyed.
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.
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.
