Mises Wire

Functionally, there is no difference between the US's Medal of Freedom and the Order of Lenin awards handed out by the old Soviet Union.

The Federal Reserve has welcomed the New Year by more of the same. As government spending continues to explode, the Fed enables it with its usual financial tricks.

Politicians’ lack of concern stems from the fact that taxpayers, families, and businesses will bear the brunt of the next crisis. 

Since the end of the 19th Century, much of US history has been marred by meddling in the affairs of other nations. From William McKinley's Spanish-American War to George W. Bush's invasion of Iraq, US meddling has created tragedy and chaos abroad and at home.

Passed in the immediate aftermath of the American Civil War, the Fourteenth Amendment was intended to further centralize governance away from the old decentralized political model. It still is accomplishing that purpose.

Antitrust law is being touted as an answer to our inflationary economy. Unfortunately, as Austrians have noted, antitrust law does nothing to bolster competition and actually makes the economy less competitive.

The debate over use of nuclear weapon is built upon the assumption that they‘ve only been used twice, both against Japan. However, if we expand the definition of use to how we apply it to other kinds of weapons, then nuclear weapons have been used too many times.

In November, year-over-year growth in the money supply was at 2.35 percent. That’s a 27-month high and the largest year-over-year increase since September 2022. 

We may be in the New Year, but James Bovard is not ready to put the craziness of 2024 in his rearview mirror. Here are some epigrams he wrote to explain the madness of an election year.

With governments cracking down on free speech and even criminalizing alleged defamation, it is time to take a new look at libel laws. Murray Rothbard provides a clear-headed view of libel law—and why it shouldn‘t exist at all.