Politics

The Law of Necessity

No matter how “inelastic” the demand, excessively high prices cannot persist indefinitely without human action.

Bringing the Truth

The best people in the world support the Mises Institute. Will you join them?

If Socialists Actually Understood Socialism

Hayek once remarked, “If socialists understood economics, they wouldn’t be socialists.” Building on this, if socialists understood socialism, they wouldn’t be socialists.