Mises Wire

The foreign aid bureaucrats at the United Nations, heavily funded by US taxpayers, live lavishly at US taxpayer expense.

I have long been puzzled by the haste and of the conservative-interventionists’ desire for a showdown. Why do all of them implicitly believe that time is on the side of communism?

The Federal Reserve‘s reckless policies have created havoc in the housing markets, with the government and monetary authorities helping to create the apartment bubble, which is in the process of bursting. As usual, bad policies bring bad people into the markets.

The media and political outcry that came when President Trump temporarily froze USAID and some domestic funding revealed how the political establishment uses the plight of the most vulnerable people to keep their rigged political system in place.

Elon Musk‘s latest comments on money make the same errors as we saw with Milton Friedman and the Monetarists. If Musk really wants to understand money, he needs to read Murray Rothbard and Ludwig von Mises.

Mainstream economists make too much out of “knowledge.” First, the kind of knowledge one needs to be successful in an economy is not knowing things generally but having an understanding that is more than knowing mere facts. The entrepreneur‘s judgement is ultimately what matters.

Progressives have created the fiction in which the US Constitution “is what the Supreme Court says it is.” In reality, the justices simply interpret the Constitution according to modern statist progressive viewpoints that fit their own progressive narratives.

Long-term interest rates are on the rise and there is no shortage of explanations from the usual suspects. One thing the pundits miss, however, is the role of time preference in determining interest. The Austrians do not make that error.

Third World economies rarely operate on trust, which inhibits capital development and other important ingredients for economic growth. Is that a case of personal morality or do the monetary systems play a role?

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