Mises Institute

• Why the Wealth Effect Doesn’t Work
  Keynesians are wrong when they assert that savings lead to a decline in demand for goods and services. In truth, savings are spent, not directly by consumers on electronics and espressos, but indirectly by businesses via banks on more efficient machinery and capital expansions. […]
• Crony Capitalism and the Transcontinental Railroads
  The first transcontinentals were all creatures, not of capitalism or the private markets, but of government. […]
• Robert Taft and His Forgotten “Isolationism”
  "It turns out that Taft was right on every question all the way from inflation to the terrible demoralization of the troops.” […]
• How the NSA Made Your Legal Defense Illegal
  The U.S government has deemed all evidence of spying to be Top Secret, and maintains it’s illegal for you to know about it or use it in court. […]
• Planning an Economy Is Not Elementary
  Substituting happiness and good-will perceptions for prices is no solution at all. […]