Mises Daily

The nonprofit form of enterprise is indispensable to both recipient individuals and the benefactors who fund them.

 If, for good reason, we generally distrust the concentrated power wielded by coercive monopolies, we ought to avoid at all costs placing more power in the state, the ultimate embodiment of monopoly.

The Fed and it's friends blamed cold weather for much of the year's lackluster economic growth. But cold weather does not explain the economic slowdown because cold weather does not stop economic activity, it merely shifts it to other activities and products.

Supporters of government interventions like minimum wages. Careful analysis reveals another story, however. Without sound theory to explain them, such simple statistics are meaningless.

All this however, can be reversed by shrinking the size of the government and by the closure of all the loopholes of the monetary expansion.

We know that state monopolies invariably provide worse and worse services for more and more money.

The problem is a confused reading of how markets work, and how governments continue with deficit spending in the service of favored interest groups.

The reality is that hyperinflation is caused by a loss of confidence in the money unit, which the monetary authorities may be incapable of preventing.

The inability of governments to maintain fixed exchange rates in the face of opposing market forces is only further proof of their impotency.

Austrian capital theory can go a long way in helping to explain why the apes featured in the film can be both highly-intelligent and hunter-gatherers.