Mises Wire

Both Ludwig von Mises and Abraham Maslow understood that unless we first secure the benefits of economic progress, it becomes impossible to pursue higher human wants and needs.

Are you smart, have a hunger to succeed, have a finance education, have a desire to work in finance, employ common sense, have high EQ, are an abstract thinker, believe in American exceptionalism, and willing to work long hours? You might be the one.

Government revenues are outpacing population growth, yet government agencies can’t seem to carry out even the most basic functions. The solution? More tax revenue and bigger budgets! 

Electing better planners won't make socialism work. Central planning fails because planning without the feedback mechanisms of the market is an impossible task.

To foster economic recovery, we do not need "stability." What we need is an environment of freely changing prices, even if price changes are frequent and substantial. Only this call allow markets to respond to consumer needs. 

As one settler put it, "All mankind … have an undoubted right to pass into every vacant country, and to form their constitution, and … Congress is not empowered to forbid them." Unfortunately, Congress had good reasons not to acknowledge this.

The reliability and service life of the F-35 were greatly exaggerated in earlier reports. Now the aircraft is looking like an even bigger boondoggle than before. 

By embedding victim-centered justice in law, lack of due process will become institutionalized. The burden of this will fall on men, and in particular black men.

In some cultures, entrepreneurial achievement and capital accumulations are viewed with high levels of suspicion and envy. This can be disastrous for economic progress. 

For decades, demand-side policies showed diminishing but not lethal results, but now the world has repeated the same policies so many times that there is simply exhaustion.