Profit is a product of the mind, of success in anticipating the future state of the market. It is a spiritual and intellectual phenomenon.
The FedTaxes and Spending
The only way to avoid fiscal crises is to stop increasing spending and instead begin reducing spending on all aspects of the welfare-warfare state.
Corporate WelfareFree MarketsWorld History
Does not big business wrap itself in the mantle of free markets? If so, are not exponents of free markets supporting crony capitalism?
Big GovernmentPolitical TheoryPrivate Property
Even if we agreed that states can provide certain amenities of value, state powers still become dangerously prone to abuse the larger the state grows.
Corporate WelfareTaxes and SpendingPolitical Theory
The nation braces itself for the inauguration of a new president. Politics, however, will not cure what ails us.
Big GovernmentCorporate Welfare
Free MarketsAustrian Economics Overview
What these "excuses" point to is the marginal productivity of the worker is lower than the salary the employer is forced to him pay by law.
Taxes and Spending
There is a lot of talk about tax reform these days. Not surprisingly, none of it involves cutting spending or lessening government revenue.
World HistoryPhilosophy and MethodologyPolitical Theory
The European Union could have been a mere union of states committed to increasing free trade and free movement. But, it has become nothing of the sort.
Shawn Ritenour and Tom Woods discuss The Mises Reader, now available from The Mises Institute.