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Mainstream economists have been obsessed with finding “optimal” tax rates, and Nicholas Kaldor‘s 1940 formalization of the “optimal” tariff is no exception. Austrian economists, however, know that there is no such thing as an “optimal” tax, given the harm taxation causes.
When markets get more volatile and more unstable, I get the urge to take a step back and reflect on simple assessments of trend...
In May 2025, the Mises Institute will hold its next Mises Book Club, a program that promotes deep reading in Austrian economics.
Walter Olson No civil rights law on the books requires “viewpoint diversity” in university admissions or hiring or creates a protected class of students...
One of my favorite market breadth indicators remained in an extreme bearish reading through the end of last week, standing in stark contrast to...
