Mises Wire

If the Iranian regime were truly trying to sacrifice their entire country to commit a nation-level nuclear murder-suicide against Israel and the US, they would be acting very differently.

Jonathan Newman tackles the new “Federal Reserve Simulator” game in which players try to match wits against the Fed. As Newman found out, however, the same outcomes occur no matter what information one feeds the simulator. In short, it’s rigged.

Governments at all levels abuse their “privilege” of eminent domain, the taking of private property for government use. Murray Rothbard understood that government was not justified to seize property for such use in the first place.

Keynesians claimed that stagflation—rising price levels and increasing rates of unemployment—couldn’t happen. Then it happened time and again, something predicted and coherently explained by Austrian economists.

Whatever positive economic changes the Milei government might have made in Argentina, the country is still not attractive for new capital investment.

The current outburst of protests against President Trump’s enforcement of immigration laws is overshadowing a question that is not being asked: Can we defend having national borders in the first place?

Big business will develop naturally in a truly free marketplace. But government intervention and “too-big-to-fail” are also factors that cannot be ignored.

Before Murray Rothbard, there was Albert Jay Nock laying intellectual broadsides against the tyranny of the state. While Nock (unlike Rothbard) never called for total abolishment of the state, he did want as minimal a state as could be had.

If World War I was allegedly fought “to make the world safe for democracy,” World War II seems to have made the world “safe” for socialism, as socialist regimes took power or expanded their reach. Myanmar was one of those countries, and the political turmoil there continues to the present.

The left has always attacked capitalism as being anti-social, but today much of the criticism of free markets comes from the right. Capitalism, they claim, breaks social bonds that hold societies together and it promotes wokeness. Dr. Wanjiru Njoya takes sharp exception to such claims.