Mises Daily

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.

Left-wing intellectuals such as Polanyi are always weeping about the "Coca-Colaization" of the rest of the world, bemoaning the supposedly lost glories of "folk culture" in the undeveloped countries, writes Rothbard.

So many to choose from but Scott Trask picks ten of the most glaring economic errors that have bespotted the history of American economic policy.

Inflation erodes morals in creeping, insidious ways. It replaces social bonds with government controls.

Everyone seems to agree that Reagan slashed the size and scope of government. Murray N. Rothbard exposes the truth.

It is a myth that scientific research left to the mercies of the free market would be insufficient for modern technological needs. In fact, centrally planning innovation will only stifle it. 

Menger's was an analytical method that began with the smallest empirical phenomena and proceeded logically from there. He called this the "empirical method."

The French Revolution is a large and complex event worthy of a Gibbon, but it may not have happened at all if the French monarchy had balanced its budget.

Rothbard shows that the failures of government are no accident but rather stem from the very nature of the means.