Mises Wire

Understanding immigration is to understand tradeoffs. One key to successful immigration is the strength of America's institutions.

Why decentralize? One: small polities allow for more choice and opportunities for exit. Two: small is better for minorities when democracy fails. Three: small polities limit the power of aggressors.

Contrary to our elite media and political classes, the Chinese weather balloon was no threat to our well-being. However, the government's response to it made this a more dangerous world.

Considering the bond yields have only risen slightly, and that monetary overhang from covid is still huge, it’s difficult to be remotely confident that monetary conditions have been tight.

Robert Kagan believes that the US takeover of the Philippines was justified to "protect" that nation from predatory European powers. David Gordon emphatically dissents.

For more than a century, the union of the Kingdom of Poland and the Grand Duchy of Lithuania made possible one of the most liberal societies to date. The commonwealth left much to emulate.

It's a myth that the "Founding Fathers" made America a republic in 1787. It was the state governments and their constitutions that did this. But the top-down myth glorifying the central government endures. 

We have experienced an unprecedented increase in the standard of living throughout the world. But recent developments have been blocking progress for the past several years.

The latest federal spending spree cannot be sustained. Even though Maine's government is controlled by Democrats, it is finding ways to cut. Washington should take notice.

Anticapitalist politicians claim intervention can "level the playing field," but when we look closely, we realize that government itself creates the imbalances.