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In the world of private enterprise, business owners pay attention to costs already incurred that cannot be recovered, also known as “sunk costs.” Government...
The Fed is now hemmed in by a rising risk of stagflation. It doesn‘t know where the economy is headed, or is unwilling to...
Like presidents before him, Donald Trump is using the IRS as a weapon against organizations he doesn‘t like. Richard Nixon did the same thing—and...
Lately, James Lindsay has burned much of his credibility in attacking largely non-interventionist right-wingers as “Woke Right.”
The purpose of the Journal of Prices and Markets was to improve the understanding of the role of markets in the economy.
Modern politics does not produce people of character and certainly there are few, if any, statesmen left on the scene. John C. Calhoun was...
Calhoun emphasized the principle that the states were sovereign and independent and not merely the creation of the federal government.
If devaluing the currency was a real measure of competitiveness, Argentina and Venezuela would be the most competitive nations on the planet.
Mises Institute President Thomas DiLorenzo joins NTD News to talk tariffs and trade policy.
Frederic Bastiat is an often unsung hero of 19th Century economic thought. His lessons on freedom and trade are timeless and what he wrote...
In The General Theory, J.M. Keynes allegedly “discredited” Say‘s Law. Of course, Keynes actually debunked a straw man that was a caricature of what...
In May 2025, the Mises Institute will hold its next Mises Book Club, a program that promotes deep reading in Austrian economics.