Mises Institute

Politicians are touting “affordability” to describe the current regime of rising prices. However, most lawmakers who claim they are trying to make things more affordable demand policies that make things more costly.

The latest release of Epstein files again highlighted how disgusted and frustrated people have grown with the current elites. Yet they remain essentially untouchable. Why?

A bad end is most likely though even in the best case scenario of of AI increasing living standards. The build-up of asset inflation malinvestment and overleveraging will impose huge costs.

Totalitarian societies do not become that way overnight. There are recognizable signs and stages which show how a society slides into that abyss.

Although Adam Smith is well-known for emphasizing division of labor, his analysis was woefully incomplete, as Dr. Mark Thornton points out.

The market regulates accidents very effectively. If the state does not coercively interfere, competition between companies forces them to improve services to the maximum.

In most nations of any size, sectionalism is almost inevitable. How nations handle such divisions, historian Frank L. Owsley, determines if sectionalism is peaceful or becomes violent. It became violent in the US in 1861.

There is no reason to be surprised by the total lack of commitment to any ideological standards. Nor is there any reason to expect anything better. That's just how American politics works.

One of the Austrian arguments against using mathematics to model economic phenomena is that there are no constants in economics, as things always are changing.

Thanks to the Federal Reserve, the US government will always have enough printed money to fund it tyrannical schemes.