Mises Wire

The rise of woke capitalism cannot be sufficiently explained in terms of placating coastal leftists, ingratiating left-liberal legislators, or avoiding the wrath of activists.

One obstacle to weeding out inflation is the large stock of public debt, which is growing even in countries once known for relative fiscal frugality. This suggests interest rates must be kept low indefinitely.

With the approval of Biden's infrastructure bill, it now turns out the US government is even in control of a "kill switch" that could disable your car if you are deemed "impaired."

In a remarkable pivot, the White House now says, “We’ve not been pro-lockdown—most of the lockdowns actually happened under the previous President.”

In Orwellian fashion, if you want freedom, that makes you a "racist" and a "fascist." So, it is assumed by our overlords to be "fascism" when truckers protest for the freedom to earn a living.

Many proponents of forced national unity insist the military can "solve" the problem. But with that method, "you're not solving the insurrection. In fact, you're spreading it. You're guaranteeing more of it."

A reduction in unemployment is not the key factor for economic growth. Rather, it is saving that is instrumental in the expansion and the enhancement of the production structure.

Although covid cases in Austria—and most other countries—are rapidly falling, Austria has doubled down on punishing the unvaccinated and become the first country to mandate vaccination for all adults.

SEZs are loopholes, and capitalism breathes through loopholes. But like all loopholes, they tend to benefit those who can afford to hire the lawyers who can identify said loopholes.

The evolution from gold standard to gold exchange standard to the dollar fiat system is one based largely on deception and broken promises.