Mises Wire

The Soviet military invasion was in no sense an arrogant drive for the conquest of all of southwest Asia. It was an act, not of strength, but of profound weakness. 

The current surge in inflation is not due to a shortage of supply as central banks want us to believe. It is primarily due to soaring consumer demand fueled by monetary creation.

Overestimating foreign "threats" is a threat in itself. It invites wasteful spending while provoking "enemies" who would not have been rivals otherwise. John Mueller explains in his new book.

If fairness is a concern, there’s an easy way to achieve fairness on this issue: abolish the Selective Service for everybody. It’s as easy as that. It wouldn’t even cost a dime of taxpayer money. 

Cultural disparities between national, linguistic, or cultural groups can prevent the spread of trade and hamper the adoption of useful economic strategies. 

Why do individuals desire to have money, which cannot be consumed and produces nothing? To provide an answer to this one must go back in time to establish how money emerged.

Many blame capitalism for inequality and the opioid crisis, but the system most associated with substance abuse is communism. But if inequality is the real problem, look no further than the Federal Reserve. 

The fact a politician may have prior experience as a "savvy businessman" is irrelevant to the business of the state. States are nothing like private sector businesses, and business skills mean little. 

With default we restore trillions to the private sector and permanently reduce government’s ability to hog the resources we need to maintain prosperity. 

Although the experts assured us Sweden would experience a disaster and a bloodbath without covid lockdowns, the Nordic nation has fared better than Europe on excess deaths.