Mises Wire

Why do Africans live in poverty even though Africa is rich in natural resources? Statism.

Once again, it is unpopular in the USA to be antiwar.

Argentina is synonymous with hyperinflation, but apparently its voters have not had enough.

Economists often deplore the corruption in developing countries, but when institutions are corrupt, don't expect people to have the incentive to be honest.

Is democracy a superior substitute for free markets? Jedediah Purdy believes so. David Gordon sets him straight.

Commodity money isn't a government creation, as so many believe. It has a definite praxeological foundation.

Biden has declared that the USA has "zero inflation" at present. Austrian economists say, "Not so fast."

Powell isn't a villain for pulling his foot off the money-creation accelerator a little. No, Powell's villainy stems from his role in helping create the boom in the first place.

While the FBI and the Department of Justice have been overreaching, Donald Trump has not helped his own cause.

New York City’s subways have become a nightmare, with rampant crime, delays, derailments, and poorly capitalized. This is a gift from "backdoor socialism."