Economists often concentrate on narrow technical specialties. In doing so, they sometimes fall into philosophical errors, because they uncritically take for granted assumptions that are philosophically mistaken or at least controversial. The most common instance of this is familiar. Many economists

Minimum-wage laws are again in the news, as Joe Biden and his political allies in Congress seek to push the national minimum from its current level of $7.25 per hour up to $15 per hour. Some politicians, Sen. Bernie Sanders

When the American colonies declared their independence from Britain in 1776, the fundamental principle underlying the new government they created was the principle of liberty. To the Founders, liberty meant freedom from government oppression, because at that time, government was

According to a popular way of thinking, the central bank can influence the rate of economic expansion by means of monetary policy. It is also held that this influence carries a price, which manifests itself in terms of inflation. For

Peter Schiff is a well-known critic of bitcoin, and while he is an excellent resource on many economic and political topics, he misses the mark on cryptocurrency. Original Article: "3 Common Criticisms of Crypto—and Why They're Wrong​" This Audio Mises Wire is

In his book Denationalisation of Money, F.A. Hayek argued that governments have never devoted their power to providing proper money over time. They “have refrained from grossly abusing it only when they were under such a discipline as the gold

With your support, the Mises Institute can send Mises U students home with a stack of Austrian classics such as America's Great Depression, Where Keynes Went Wrong, and Economics in One Lesson. After their week of destroying every preconceived, state-curriculum notion of how

If libertarianism wishes to give up modern political categories, it has to think about law in a different way. Murray N. Rothbard, the most important exponent of the radical libertarian school, is right when he rejects the historicism and relativism