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Those who use Catholic social teaching to defend socialism forget Pope Leo XIII’s Rerum Novarum, published in 1891, which strongly condemned socialism and defended...
What might be the process of a society moving from being unfree to being free? Here is one scenario.
The Shiller CAPE ratio has only been higher once in 150 years. The Buffett indicator is 2.5 standard deviations above trend. 40% of the...
Last week’s CPI report, and this week’s PPI report both showed price inflation surging to multi-year highs, and not just on oil prices.
In 1871, the “discovery” of marginal economic analysis soon took a wrong turn, moving towards quantification, data, and mathematics. It is time to “rediscover”...
Human Action sold thousands of copies, earned accolades from across the political spectrum, and made zero acknowledged impression on the economics profession. Or did...
A Libertarian Party presidential nominee said he was open to a carbon tax. Mises would have had a different suggestion, and Timothy Terrell explains...
There are only three possible economic systems: capitalism, socialism, and interventionism. Mises spent his career proving the third is the least understood and the...