Mises Wire

Keynesian economists claim that cutting costs in a business slowdown is counterproductive. As usual, the Keynesians have it backward.

Western governments seem to relish a clash with Russia, despite the specter of nuclear war. If so, it will be a conflict built on government lies.

Suppose an addict had the ability to magically create, ex nihilo, his own stimulating drug, as fractional reserve banks can do with money and credit. Would you expect moderation?

Canadian politicians tout their healthcare system as morally superior to private medicine. There is nothing moral about relegating thousands of people to death each year for lack of medical care.

“Economic power,” then, is simply the right under freedom to refuse to make an exchange. Every man has this power. Political power, on the other hand, is something very different.

The "first" Children's Crusade of 1212 ended in tragedy for those taking part. The "second" crusade is not going to produce any happy endings, either.

What happens when covid becomes the excuse for a lawless authoritarianism?

Karl Marx may have been a philosopher or just someone with an opinion. He was not, however, an economist.

When politicians speak of "freedom," they usually mean expropriating wealth from one person and giving it to another. That is not freedom at all. Perhaps a better word to use is "liberty."

If even in the years when the mainstream said that there was “no inflation,” we all saw costs rise well above real wage growth, imagine what is happening now.