Mises Wire

Mises in 1944: "The German and the Russian systems of socialism have in common the fact that the government has full control of the means of production."

It seems the reach and influence of central banks has never been higher, yet they are increasingly flying blind in an environment where central bank tools are growing ever more imprecise and dangerous.

In a slave economy, slave owners seek technological innovations that make slave labor more productive. But they also place inefficient and artificial limits on innovations that might change the established social order.

India's parliament has recently passed new reforms to its long-standing interventionist regime which limits farmers' ability to buy and sell goods. These reforms are badly needed.

In social media—as in the established old media—editors, curators, and managers work to promote their own self-described “mainstream” views while excluding as “extreme” the views of everyone else.

Politicians have ignored the threat to small businesses that are failing not because their owners used the wrong strategies, but have been destroyed by the misguided and ineffective forced shutdown.

Although the recommendations of the Great Barrington Declaration would be an improvement over the status quo, the declaration grants far too much power to the state to act in pursuit of an alleged "common good."

Not all increases in money supply lead to inflation. A currency fully backed by a commodity like gold does not cause inflation like an increase in unbacked fiat money does.

Because politicians have no liability for the economic damage they inflict, they have no incentive to minimize the disruptions they decree.

The fact Boris Johnson and Joe Biden are both using the phrase "build back better" is bad news. It's a phrase pioneered by groups twisting the covid-19 pandemic into a pretext for extreme “green” policies.