We live in the age of rampant (monetary and price) inflation, more frequent economic crises, chronic deficit spending, unpayable debt, and massive financial bubbles. That's not accidental. That's consequential. This fact and the many economic, social, and even cultural consequences of

Why do individuals assign a greater value to gold than to bread, when bread seems to be more “useful” than gold? To provide an answer to this question economists refer to the law of diminishing marginal utility. The concept of

Introduction The problems and ideas that moved Ludwig von Mises in his early years were addressed by the work of four great economic theorists: Carl Menger, Eugen von Böhm-Bawerk, Friedrich von Wieser, and Joseph Schumpeter. He knew all four personally, but

No matter how much the American economy grows during the next decade, the government will have serious trouble funding expanding entitlements, increased education spending, and ongoing wars in the Middle East, while maintaining a global military constabulary and presence everywhere.

Ryan and Tho discuss Taiwan policy with Zachary Yost, author of a new paper on the prospects of a Mainland Chinese takeover of Taiwan. China faces some very large obstacles, but so does the United States. Recommended Reading "Victory Without Battle: A

Many readers will already know that Ludwig von Mises considers the Nazi economy to be a form of socialism. In the Nazi system, private property in production goods existed in name only. The ostensible owners were merely managers bound to

I was surprised to see a tweet from President Joe Biden showing the gross domestic product (GDP) of the United States for 2021 compared to the average GDP growth under other presidents. The tweet stated, “This didn’t happen by accident. Because of

[This excerpt from Man, Economy, and State, with Power and Market is an explanation and elaboration of points first made in Ludwig von Mises's Bureaucracy—and provides an excellent example of how Murray Rothbard's treatise built on Mises's to employ and