Mises Institute

By shielding Washington from accountability, the 2008 cover-up institutionalized systemic moral hazard and permanently crippled market discipline.

Despite claims that the Federal Reserve System is a “stabilizing” force in the US economy, the truth is that the Fed is and has been the main engine of inflation for more than a century.

Politicians sell business regulation as benefiting consumers. In reality, as we saw from airline regulation, the system creates cartels that shut out consumers and benefit regulated businesses.

The modern way of dealing with criminal behavior has been mass incarceration, yet crime abounds. Murray Rothbard believed that restitution and other methods were superior to the present state-run system.

We are told ad nauseum that the capitalist system runs on greed. In reality, a successful economy depends mostly upon trust.

From the sixteenth century to today, techno-asset inflation is found where monetary inflation and technological revolution interact to produce virulent asset inflation.

In this week’s Friday Philosophy, Dr. David Gordon takes on Daron Acemoglu’s What Happened to Liberal Democracy? Remaking a Politics of Shared Prosperity and finds it lacking in economic sense.

A brief episode of competition in the early telephone industry demonstrates that, even when hampered, competitive pressure challenged the state-created telephone monopoly. Exploring this territory allows us to imagine the possibilities of what could have been in true a free market.

"The American Revolution, the European right realized, was a vital milestone in the advance and development of the western revolutionary tradition."