The Broken Window

The broken-window fallacy, under a hundred disguises, is the most persistent in the history of economics. Excerpted from Economics in One Lesson, pp. 3-7. Mises WireThe Mises Institute exists to …

Read more

The Lesson

The inherent difficulties of economics would be great enough in any case, but they are multiplied a thousandfold by the intervention of special interests. Excerpted from Economics in One Lesson, …

Read more

The Gateway Drug Myth

The Time magazine article creating “the gateway drug” myth in the 1970s provided no citations for its claims, except ambiguous references to unnamed “experts.” The evidence remains elusive forty years …

Read more