Mises Daily

"Under socialism production is entirely directed by the orders of the central board. The whole nation is an 'industrial army' and each citizen is bound to obey his superior's orders."

The idea of private property not only agrees with our moral intuitions—it is the sole just solution to the problem of social order.

The fact that I could take exception to some of Mises's teaching does not make me an apostate. It should prove, instead, that the great teacher had produced students with open and critical minds. 

Böhm-Bawerk’s refutation of the exploitation theory is valuable not merely as a critique of an erroneous doctrine, but also as a lucid exposition of subjective value theory.

If libertarians refuse to hold aloft the banner of the pure principle of the ultimate goal, who will? The answer is no one.

Many of the governmental edicts are pseudo laws, rules that are annoying mainly because government has accrued to itself the sole, monopolistic authority to impose them on us.

For nearly a hundred years, economists have been groping for an explanation for the business cycle, writes Murray Rothbard, while overlooking the Austrian explanation.

Periods of hyperinflation are also periods of mass insanity, writes Robert Blumen.

The 1970s were the turning point in the wrong direction. Under Keynesian guidance, gold was abandoned, prices increased, and the dollar rapidly depreciated.

The economic purpose of capital markets is to provide a nexus between savers and borrowers for the financing of productive investment, writes Robert Blumen.