Mises Daily

"Giving back" is big these days, but how can we know if we’re really making a contribution that someone values? Economics, fortunately, gives us an answer: the best way to "give back" is to earn honest money.

David Gordon explains how Hans-Hermann Hoppe, while avoiding undue pessimism, takes the conventional view of "progress" in Western society and turns the narrative on its head.

"I was once told that Rothbard had an 'unfair advantage,'" Lew Rockwell writes, "because all his works are available for free on the web, thanks to our donors. Give me more such unfairness!

Christmas is the most pro-capitalist of all holidays because its worldly joys are based on private property, voluntary exchange, and mutual benefit. It's also one of the least political of all major holidays.

Ebenezer Scrooge is guilty of no crime, but he is a bad economist. This is demonstrated by Scrooge's ignorance about the subjective nature of value, and by his insistence that he is being robbed by his clerk who negotiates a day off.

Where police fail, as at Ferguson and in Detroit, private firms and volunteers have stepped in. And yet the state continues to claim that its employed enforcers are a thin blue line between order and chaos.

Many advocates for socialized medicine point to the World Health Organization's claim that US healthcare ranks below dozens of other countries. But these rankings are biased in favor of cheap health care over quality health care.

Mises University Alumnus Ray Walter, now a PhD student in physics and mathematics at the University of Arkansas, discusses his work with the Mises Institute and how it has influenced his academic career. 

The rich make new resource-intensive products economically feasible. Those wealthy early-adopters of new products act as mannequins on which new products are draped, increasing demand as producers attempt to bring those products to the mass market.

Some are now debating over whether or not the Ferguson riots are in the tradition of the Boston Tea Party. While the Tea Party itself may seem relatively innocent, the violence of the revolution itself was not nearly so innocent.