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This article is adapted from a talk at the Colorado Springs Mises Meetup on August 21, 2021. See the video.  When it comes to policy debates, it’s now pretty clear that if you’d like to sound very quaint and old-fashioned, be sure

Most Egyptians have lived their whole lives in a country where the government heavily subsidizes bread prices. But now the deeply indebted Egyptian state faces some tough choices, and Egypt's poor may suffer the most. Original Article: "Egypt's Bread Subsidies May

Carl Menger (February 23, 1840–February 26, 1921) is the founder of the Austrian school of economics. He is generally recognized in economics for his contribution to the development of the concept of marginal utility and as a pioneer of the

Pressure on the unvaccinated grows. While the vaccinated in some countries are getting back some of their freedoms taken away by the covid interventions, the unvaccinated are not so well off. They are being targeted for discrimination. Access to public

The following interview of Ludwig von Mises was conducted in Lima, Peru, by La Prensa and published on January 4, 1950. Thanks to Cesar Usquiano for this translation. During his stay in Peru, Professor Mises made some statements that we will see below. Our

Prices Reflect Exchange Ratios Prices, as Menger points out in his Grundsätze, emerge as an accidental phenomenon. They are not the essence of economic activity. Prices are fortuitous insofar as they are the unintended result of an economic exchange that has

Saifedean Ammous is a knowledge entrepreneur. He creates new knowledge that’s valued by his customers, because it helps them to think better and better informs their actions. He carefully appraises the knowledge provided by great thinkers of the past, and re-presents

It is common for commentators and economists to refer to something called the “economy,” which sometimes performs well and at other times poorly. The “economy” is presented as a living entity apart from individuals. For example, various experts report that the “economy”

Even at a "mere" two-percent level, cumulative price increases over time are nothing to scoff at. Even worse, if we look at what people really spend money on, price inflation doesn't much reflect the conclusions of "official" stats. Original Article: "Two

Fifty years after Nixon closed the gold window, prices are heading toward 1970s-era increases. Yet the Fed cannot increase interest rates as long as the politicians keep creating billions of new debts. Original Article: "The Secret Ronald Reagan Told Me about