[From the Austrian Economics Newsletter, Spring 1987] The Austrian School of economics did not develop out of thin air. It built upon the work of a number of other economists and philosophers going back as far as Aristotle. Among the precursors

As crime rates rise and government policing fails, more and more people are turning to private security, which is more effective in preventing crime than government police. Original Article: "Private Security: An Effective Method to Prevent Being a Crime Victim" This Audio

While “private policing” is in many people’s minds a feature of dystopian science fiction or the fantasies of libertarian economists, the reality is that private security is far more common than most think. Indeed, as Georgetown professor John Hasnas points

Entrepreneurial business solutions can lead to better outcomes in every economic endeavor. In the field of medical care, entrepreneurship has been hampered by non-market arrangements. There’s some sense of an emerging trend towards better choices for users, a trend that

While some politicians preach populism, that usually means protectionism and increased business regulation, along with high marginal income tax rates. Grover Cleveland showed a better way. Original Article: "Grover Cleveland Presented the Best Example of a True Liberal Populist" This Audio Mises

The famous quote, “Insanity is doing the same thing over and over again and expecting different results,” is usually attributed to Albert Einstein. While intended as a parable for quantum insanity, such a quote could equally be a parable for

Money supply growth fell again in November, and this time it turned negative for the first time in 33 years. November's drop continues a steep downward trend from the unprecedented highs experienced during much of the past two years. During

Modern progressive governance claims it has science on its side. Hayek's Nobel speech put holes in that viewpoint. Original Article: "Hayek on the Difference between Science and Scientism" This Audio Mises Wire is generously sponsored by Christopher Condon. 

I first became aware of the Property and Environment Research Center (PERC) after moving to Montana and was immediately intrigued by their work. The more I dug into PERC’s research, the more I realized they aligned with my worldview of

Introduction: Division, friction and polarization have been on the rise in the West for at least a decade, but the escalation we saw during the “covid years” was especially worrying. Over the last year, this “worry” has become a truly