Mises Wire

Unfortunately, we find that today‘s MAGA economics is in many ways a retread of the failed supply-side economics of old.

Nigeria has large oil deposits, educated people, and much economic potential. However, thanks to government intervention, Nigeria‘s promising economy is in shambles and no relief is in sight.

Critics of free markets claim that the 1980s and 90s were near-pure laissez-faire when, in reality, the regulatory state only got stronger. 

One of contentious parts of the history of the American Civil War is the question of whether southern blacks served as soldiers in the Confederate army. While the numbers of black Confederate soldiers didn‘t match their northern counterparts, many of them did serve as armed combatants.

Economist Bryan Caplan has held up the United Arab Emirates as an example of how open borders can be successful. Caplan clearly does not understand how immigration works in the UAE.

This might sound radical or extreme, but the US somehow managed to get along for more than 225 years before this department was created.

Elections can have important impacts on the economy, but the most important ones are preceded by some kind of revolution in the world of ideas, for good or bad. 

In Misesian thinking, only negative outcomes can ever result from dependence on government transfers.

Totalitarianism is not compatible with a functioning economic system based upon free exchange and private property. Such regimes depend upon historicism and logical relativism.

Biden used government spending to bloat growth and job figures so aggressively that the next administration will see a recession if it reduces public-sector growth.