Mises Wire Ludwig von Mises eloquently wrote in Bureaucracy (1944), “…thus the capitalist system of production is an economic democracy in which every penny gives a right to vote. The consumers are …
The 2019 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel – colloquially known as the Nobel Prize in Economics – has gone to Abhijit Banerjee, Esther Duflo …
Is there a recipe for entrepreneurial success? Chris Wilton has established a successful and growing catering business, and the recipe he developed has some ingredients that every entrepreneur can utilize. …
Politicians habitually promise us greater economic prosperity, but their official policies usually contradict their promises. And if you dare to point out this contradiction, you will be ignored, as happened …
[The Economists’ Hour: False Prophets, Free Markets, and the Fracture of Society. By Binyamin Appelbaum. Little, Brown, 2019. 439 pages.] Binyamin Appelbaum is unhappy. He is the main writer on …
Myth : A huge and growing global savings surplus during the first two decades of this century has pressed down the natural rate (some say neutral rate) of interest. Actual …
As I noted last week, some conservatives of late have become especially enthusiastic about attacking the freedom of Americans to buy and sell freely without government interference. In fact, these …
“In order to show that it is a half-truth, we must have recourse to long and dry dissertations.”— Frédéric Bastiat It’s still a very prevalent view that employers are somehow …
According to all central banks, one of the main problems they are called to solve is that countries cannot reach their inflation target of (close to but below) 2 percent. …
[Socialism Sucks: Two Economists Drink Their Way Through the Unfree World. By Robert Lawson and Benjamin Powell. Regnery Publishing, 2019. 192 pages.] Robert Lawson and Benjamin Powell are well-known free …