Mises Wire

Emerging market debt-to-GDP hit nearly 250 percent in the third quarter, with China reaching 335 percent, and for the year the ratio is expected to reach about 365 percent of global GDP.

Central banks are claiming that their introduction of digital currencies is not tied to monetary policy, but it's clear that these digital currencies' potential effects on policy are precisely why they're being pushed.

Williams’s impressive ability to speak on wide-ranging issues with unusual clarity derived from his steadfast commitment to the “economic way of thinking.”

The doomsday mantra of climate activists is guided by antihumanism and a desire for control. This worldview is a grave danger to human flourishing.

A deflationary policy is just another type of intervention and in this sense it sets in motion a different form of the misallocation of resources.

"My definition of social justice: I keep what I earn and you keep what you earn. Do you disagree?...how much of what I earn belongs to you—and why?"

In most economies, inventories are valued at market prices, while in China they are valued by the authorities and adjusted later. This is just one of many ways China manipulates GDP data.

Interpersonal utility can't be measured. After all, if you can't measure a single person's utility, it makes no sense at all to measure one person's utility against that of another. 

Without the culture, the life, the hum, and the energy of the city, without the shopping and walks, the theater or a ball game, city life now has all of the costs and none of the comforts.

Walter Williams believed free markets provided the best way for humans—and especially people born on lower rungs of the economic ladder—to advance materially and in other ways, too.