Mises Daily

The foes of trade are missing an important effect of the rising volume of world commerce, says Hans Sennholz: the improvement of living conditions in all countries. 

For those of us who see television news and commentary as a vast, statist wasteland, the work of John Stossel has been welcome relief. But now he's under attack.

John Kenneth Galbraith has been a socialist--which is to say, an opponent of freedom--for nearly all of his career. 

Robert Murphy notes more absurd assumptions and the "counterintuitive" conclusions flowing from them.

By Gene Callahan, the clearest explanation you may ever read of the Austrian Business Cycle Theory.
 

A common feature of neoclassical economics: relying on unrealistic assumptions to obtain 'surprising' results.

Did Frank Knight make a strong case for the free economy, or did he ultimately undermine his own position?

There is a rumor afloat that the economics profession has finally been "won over" to a free market view of the world. That's not the case, says William Anderson.  

State governments have succumbed to anti-tobacco groups and infringed upon the right of private establishments to determine for themselves their smoking policy.

For the GOP's vice presidential nominee, oil prices shouldn't be too high or too low, but rather exactly what the government wants them to be.