Lionel Robbins's The Great Depression (Macmillan, 1934) is one of the great economic works of our time. Its greatness lies not so much in originality of economic thought, as in the application of the best economic thought to the explanation

The New York Times claims that the "administrative state"—that is, governance by unelected bureaucrats—protects our country and enhances democracy. Original Article: "Turns Out the Elites Like the Administrative State Better than Democracy" This Audio Mises Wire is generously sponsored by Christopher Condon. 

1. Autistic Exchange and Interpersonal Exchange Action always is essentially the exchange of one state of affairs for another state of affairs. If the action is performed by an individual without any reference to cooperation with other individuals, we may call

Not too long ago, most of us took our news or commentary in print. Thanks to entrepreneurs and digital technology, we now have other options. Some people still prefer to read, others to watch, and it looks like many of

In a recent article, Charles Hugh Smith claims that the landfill economy has put our society in crisis. Here's how he describes the "landfill economy": For the hundred years that resources were cheap and abundant, we could waste everything and call it growth:

In an attempt to stymie the spread of covid-19, the Chinese government has imposed reckless and harmful lockdown policies in several cities. This will not end well. Original Article: "China's Draconian Lockdown Policies: Major Consequences to Follow" This Audio Mises Wire is

Language is a critical tool for communication among humans; we cry "watch out" when a speeding car hurtles toward a pedestrian. We also think of language as a cognitive tool for society at large, since all human learning is closely tied to how we

Indian tribe sovereignty has long been a much neglected, yet important, tool in decentralizing and limiting government power in the US.  Original Article: "SCOTUS Attacked Indian Tribe Sovereignty in Castro-Huerta, and That's a Bad Thing." This Audio Mises Wire is generously sponsored by

Albert Jay Nock, distinguished man of letters and philosophical anarchist, was an inspiration to thinkers as diverse as Murray Rothbard and Robert Nisbet, Frank Chodorov and Russell Kirk. A personal friend of the father of William F. Buckley, Jr., he

The GDP (gross domestic product) statistic portrays a view that the key driving factor of economic growth is not the production of wealth but rather its consumption. Instead, it is a calculation of the value of final goods and services