Mises Wire

In 1871, Carl Menger gave what still is the best explanation of diminishing marginal utility. What was true in 1871 is true today.

Mutual aid societies once were an important part of the US social landscape. Africans can benefit from the same movements—provided their governments get out of the way.

By convincing Congress to permit the government to take equity positions in private firms, Donald Trump has completed the transition of the economy from free markets to political capitalism.

In spite of the GOP's feigned dismay over Morocco's weaponization of migrants against Spanish exclaves in North Africa, US policy supports Moroccan expansionism in the region. 

It is not enough to treat property as a default state of nature that will eventually assert itself and merely needs to be intellectually explained. We must continually be ready to defend private property.

Fauci is back in the limelight after the release of his diary before a Senate hearing last week. And that’s good, because the career of Anthony Fauci can teach us a lot about where power actually resides in America and how our system really works.

Quinn Slobodian’s Hayek’s Bastards suggests a connection between Austrian economics and a new wave of authoritarianism and racism.

Why are there economic disparities between racial groups? A popular explanation is that they are caused by racial discrimination. Wanjiru Njoya takes a closer look at these claims.

Last week, more than 50,000 people illegally entered the Spanish exclave city of Ceuta, which normally has a population of only 80,000. Why not just open the border permanently? 

Mainstream economists tend to think of cash balances as the heart of new savings. Actually, real savings involves much more than that.