Mises Wire

Regulatory systems are infamous for creating “traps” that seem to be impervious to reform. Regulators seek to “drain the swamp,” but, instead, find themselves up to their necks in alligators.

Unfortunately, the Pope does not understand the role that monetary inflation plays in fueling AI’s excesses. If he did, he might lead a necessary anti-AI spiritual alliance for sound money.

Before the Nat Turner Rebellion and the rise of militant abolitionism in the North, there were more anti-slavery societies in the South than in the northern states.

Prediction markets, while obviously imperfect, still work well because people voluntarily put their money where their beliefs are. Naturally, the government wants to shut them down.

In spite of repeated claims from the Federal Reserve that monetary policy is at least moderately restrictive, there is no sign of any slowing in money-supply growth.

The US is not the only country with an out-of-control central bank. Brazilians are feeling the pain from decades of irresponsible central bank and government decisions.

Egalitarian interpreters of the Declaration not only empower the centralized state but promote a view of “equality” that shares a common ethical error with slavery itself—that legal castes of humans may be created and enforced against the liberty of others.

The history of Zimbabwe has been one of stolen property and missed opportunities. It is time to recognize the importance of private property rights.

Pope Leo’s recent encyclical on Artificial Intelligence makes some good points but also has weaknesses. Ulrich Fromy explains.

Despite attempts to whitewash its past, progressivism was a poisonous ideology from the beginning. One of its worst legacies is eugenics, which not only created social strife in the US, but also was exported to Germany, where the Nazis embraced it.