Mises Wire

Law Professor David Bernstein looks at the system of racial classifications in the USA and explains why they have been harmful.

For the past three decades, the result has been the same: the US economy exits a crisis with significantly more debt, lower employment growth, and slower GDP recovery.

Progressives claim that while they might acknowledge the presence of scarcity, nonetheless, we can reject a "scarcity mindset" because governments can order an end to scarcity through fiat.

Celebrities in Western countries generally support socialism or some sort of collectivism. While they benefit from supporting collectivism, the poor people they claim to care about suffer under it.

Ryan McMaken has made a serious case for secession as a means to counter totalitarianism. David Gordon explains why this is the case.

Austrian economists often are labeled ideologues for advocating for free markets, yet socialism requires the ideological blinders.

Even with near-record inflation, the US dollar still has gained strength relative to other currencies. This does not mean that the Fed has been acting responsibly.

Responding to an attack on Ludwig von Mises in the socialist publication Jacobin, Professor Wiśniewski corrects the errors and sets the record straight.

We can't count on the Fed regulating itself or that some especially hawkish chairman will appear to save us from the worst excesses of fiat money.

In a free market, short-term and long-term rates would move toward convergence. Fed interference with interest rates ensures that won't happen.