Mises Wire

What's a telltale sign of economic illiteracy? I'm starting to believe the worst is the claim that markets lead to monopoly and the accumulation of wealth in a few hands.

Social media has lied about user privacy and has misled the public about the platforms' status as open forums. But none of this makes these companies monopolies. 

Twenty years ago, it looked like Chile was well on its way to joining the world's small club of developed countries. But this path looks less and less likely as Chile abandons its commitment to freedom and markets.

Hoppe’s work is more important today than ever, given the penchant of modern bureaucratic states to war, intervene, tax, regulate, debase, and generally plunder the engines of peace and civilization.

If Biden is elected, we will hear the same “redemption” storyline that was trumpeted when Obama replaced (temporarily) disgraced George W. Bush. The  media will insist that Biden's inauguration purifies Uncle Sam.

Contrary to popular assertions, the Nazis weren't only trying to expropriate Jewish wealth. They wanted the German people to come together as a collective entity, and this entailed socialism.

In 2020, privilege manifests as political extortion. Push back against these bullies.

Silicon Valley and the media are moving even further left. This is what is to be expected when a single ideological group controls educational institutions and major media outlets over a period of several decades.

Historically, Europeans had few qualms about conquering and enslaving other Europeans. This presents some problems for the narrative claiming that injustices committed by Europeans are motivated primarily by racism.

Although the Fed insists otherwise, the central bank really has no tools left except money creation, and the Fed will keep printing money in a panicky attempt to prevent a financial collapse.