Mises Wire

President Trump has promised “billions and billions” of dollars in new revenue from his tariffs not to mention economic rejuvenation. The odds are not in his favor, to put it mildly.

Totalitarian bureaucracy necessitates a constant state of crisis and there is no better creator of crises than imperial machinations.

President Trump has indicated that a recession could be coming and the pundits are playing the blame game. Don‘t look to anyone in Washington for a coherent explanation for the downturn, however. Look to the Austrians instead.

Five years ago, the spread of the Covid-19 virus gave politicians the excuse to go full totalitarian. Their fear-based campaign consisted of authoritarian measures that were based on lies and half-truths.

Donald Trump seems to believe that non-citizens don‘t have property rights. He‘s wrong, and the text of the Bill of Rights is clear on this.

The United States will not enter a recession due to the change of administration, but because of the excess spending policies of the Biden years.

History has shown that prosperity is built through economic freedom and self-reliance—not through perpetual financial transfers from former colonial powers.

Economic development cannot ever be seen as an end in itself. People are complex, social beings who may well forgo some of the advantages of economic growth for social stability, something Ludwig von Mises and Murray Rothbard understood.

Mainstream economists claim that in order to “do economics,” they must collect data and then see where it leads them. However, data by itself is economically useless without a guiding theory to explain what is happening.

While Elon Musk and his DOGE team have made some highly-publicized “cuts” in federal spending, much of the federal budget has been hammered in stone for a long time. It will take fundamental changes in spending patterns to make a real difference.