Mises Daily

The division of labor allowed Mel Kiper Jr. and Joel Buchsbaum to create a niche doing what they love: writing football draft reports.

As with most famines, it was government meddling that converted the Irish potato famine from a food-production problem into a deadly catastrophe.

Socialism is utter self-serving, elite-generated nonsense and the most evil, destructive, bone-headed religion that mankind has ever invented.

Modern health "insurance" is really just a wealth-transfer scheme that now ignores risk and true costs.

Physical cash has long been problematic for governments because it allows people to avoid the banking system, which in turn can lead to tax avoidance and bank runs. It’s much easier to control an economy when all money must remain in banks.

For decades, American military strategy has amounted to little more than outspending all adversaries. Vietnam and Korea showed this strategy sometimes fails, although it often works as long as the money keeps flowing. But the financial good times won’t last forever.

Legal recreational marijuana has now been legal in Washington State for two and a half years. During that time, violent crime has decreased, and the doom-laden predictions of opponents to legalization have failed to come true.