Mises Wire

Saudi Arabia considers de-dollarization as closer relations with Russia, Iran, and China create new incentives to break with old alliances and deals with Washington.  

The decolonization movement seeks to destroy both economics and science, all in the name of social justice. In the end, however, what they get is not justice and certainly not order, but rather chaos, and deadly chaos at that.

As AI continues to develop, the prophets of doom claim that it will “take over” and create a dystopian society. Far from being an “existential threat,” AI is a tool that can be used for good or ill.

Thanks to the war uniparty that controls Washington, Americans are mired in endless wars and military and political intervention. As Washington creates legions of new enemies, the future for average Americans grows uncertain.

Various indexes are used to determine the ease of doing business in countries around the world. Not surprisingly, the nations that allow for protection of private property and have economic freedom also are the most prosperous.

Yesterday, Jay Powell performed the usual song-and-dance that is the foundation of the central bank's political legitimacy. The reality behind this show is something very different. 

Alex Pertsev, a developer of Tornado Cash, has been sentenced to prison by a Dutch court for helping build a platform that guarantees financial privacy. If there is one thing the state cannot tolerate, it is someone making financial transactions without government agents watching.

When it comes to calling out government economic intervention, it is easy to forget that the fundamental reason for the state’s stranglehold on the economy is the government’s monopoly on creating and maintaining money. It is time to end the monopoly.

Like bad money driving out good money, government intervention can also create Gresham’s law conditions for entrepreneurs. Using the political process, bad entrepreneurs can get government to regulate entrepreneurial competition out of business.

As the war in Ukraine drags on in its third year, Ukraine is bleeding and the future is even more gloomy. Unfortunately, even though it is time to end this conflict, the Biden administration continues to demand this war be fought to the last living Ukrainian.