Mises Wire

The US Supreme Court has heard arguments for and against affirmative action in higher education admissions. Government needs to get out of the racial discrimination business altogether.

The Soviet regime relentlessly expanded the money supply. To prevent inflation, the regime then created shortages through price controls and economic stagnation. 

When communism fell with the USSR, Murray Rothbard realized that the greater threat to liberty was social democracy. Events of the past few years have proven him correct.

Among Mises's contributions was his doctrine of consumer sovereignty in a free market.

Pakistan, like so many other countries, is seeing inflation close to spiraling out of control. As for finding causes, monetary authorities should look in the mirror.

Last year, Powell was full of confidence. Now what we have from the Fed and FOMC are increasingly vague statements about "soft landings" and inflation. 

Government programs like Medicare are called insurance, yet they are anything but. There is a difference between public and private plans.

After praising Mises for his work on socialism, Tyler Cowen goes on to claim Human Action is "cranky and dogmatic." "Brilliant and insightful" would have been more truthful.

At a time when inflation once again ravages the dollar, we recall Murray Rothbard's wisdom in his article "The Case for a Genuine Gold Dollar."

Modern warfare is a product of the state, which engages in violence at home and abroad. Peace is possible, but only when the state loses power.