Mises Wire

Klaus Schwab of the World Economic Forum has big plans for a "sustainable" future. Most of it involves the destruction of markets and basic human rights.

The fact that prices are rising in a pandemic crisis is not a sign of success. It is evidence of central bankers' miserable failure and hurts every consumer who has seen revenues collapse by 10 or 20 percent.

In this outstanding study, Stephen Wertheim shows that both views that dominate American foreign policy are wrong. In doing so, he vindicates for our time the merits of a noninterventionist foreign policy.

"While many academics in the developing world view economics as a zero-sum game, I never entertained the argument that wealth is necessarily due to exploitation."

GDP fails to account for many measures of quality of life, such as personal safety, the local climate, leisure time, and more.

Remember savings bonds? They were popular before the central bank made sure that safe, low-interest investments became a thing of the past. 

It should be self-evident that a just and moral political regime can only exist in the long term if a sufficiently large number of people actually believe in it.

Useful goods and services, and the productive resources needed to create useful goods and services, are wealth. Money is not wealth, and creating more money without first creating wealth is a big problem. 

It makes sense that individual ethics can vary within a natural law framework: the nonaggression principle isn't so much a rule to be applied as a norm to be followed. It's the foundation that makes life among other people possible.

"We’re already past any of these illusions about democracy or politics or constitutionalism. I would argue that we’ve reached the point where loving our country requires us to identify and begin to separate the various nations which are within it. I think there’s nothing more important today."