Mises Wire

Infamous hyperinflations like what hit Germany in 1923 did not begin as a flood. Instead, they started as smaller bouts of inflation initiated by governments that printed money to pay for deficit spending.

With the ouster of Speaker Kevin McCarthy, the House is in chaos, symbolizing the greater chaos that has enveloped Washington. Instead of looking inward, political elites will become even more outwardly violent.

Rothbard warned against the assumption that because democracies are “better” than dictatorships, they are necessarily more peace loving.

While politicians like Bernie Sanders and AOC tout the Scandinavian welfare model for the USA, there are a few things to understand about these countries and the economies that support their welfare programs.

Some free-market advocates are pushing for dollarization in Argentina. But the devastating US sanctions against Panama in 1989 show us how dollarization helps the US exercise more hegemonic power over foreign economies. 

Niccolò Machiavelli, who often is criticized for his views on using political power, understood the dangers of unchecked government spending. Perhaps our own political leaders should read "The Prince."

Bastiat reminded his readers that economic analysis involves not just what we see on the surface, but also the costs that are hidden from view.

Members of the Canadian Parliament recently applauded a Ukrainian member of the Nazi Waffen-SS during World War II. Apparently, it's now okay to be a Nazi so long as you're fighting the Russians.

Read the New York Times (or even National Review) and you'll learn that the budget standoff is between congressional “adults” and right-wing House nutjobs. This is not the case.

Much of modern neoclassical economic theory depends upon assumptions that do not reflect real world conditions. Austrian economists, however, know that realistic assumptions matter.