Mises Wire

There is no denying the awful history of slavery in the Western Hemisphere. However, to better understand its legacy, we must rely on truth, not myths.

Progressivism is collectivist, anti-individual, and ultimately destroys civilization itself. Austrian economics stands against this force.

Other psychic factors being equal, it is to everyone's self-interest to maximize his monetary income on the market. But this maximum income can then be used for either “selfish” or for “altruistic” ends.

Do military leaders really understand economics and, especially, do they understand the devastating effect war has on peaceful economies? Certainly, not enough of them understand economics.

Human rights is a term tossed around casually in our politicized age. Must there be a moral base to such rights, and how do we determine that morality?

The planned subway extension in New York City promises to be the latest financial fiasco in the mess that is the city's undercapitalized and poorly maintained metro.

The foreign policy "elites" have been wrong about regime change, sanctions, "the lesson of Munich," a "rules-based order," and pretty much everything else.  

Income can never be equal. Income must be considered, of course, in real and not in money terms; otherwise there would be no true equality. We publish this in honor of what would have been Murray Rothbard's 97th birthday.

As the Biden administration continues to inflate the dollar, other nations are questioning the existence of the petrodollar.

While the Biden White House claims we are on a steady course of prosperity, the more realistic future is that of a global recession.