Mises Wire

"The natural condition of man is extreme poverty and insecurity. It is romantic nonsense to lament the passing of the happy days of primitive barbarism."

The heart of economic growth is the expansion of real savings. Monetary pumping only destroys wealth and savings.

Murray Rothbard’s number one rule in an economic crisis is for the government not to interfere with the market’s adjustment process. Doing so will only perpetuate the crisis.

It's possible that there may yet be a V-shaped recovery as employment really takes off in the next few months. But, so far, there's little reason to assume this will be the case.

A moral injustice is a legal injustice, period.

Economists have long tried to use the idea of "public goods" as justification for a wide variety of government interventions. But there is no objective measure for what's a public good and what's not.

Thanks to the COVID-19 panic this year, graduates at America's institutions of higher education missed the "opportunity" to be lectured by some celebrity or politician about the importance of "giving back" to the community, or being yourself, or following your dreams.

We already employ a wide variety of nonpolice crime deterrent strategies, from private gun ownership to security cameras to private security. Meanwhile, in spite of the proliferation of police and police departments, crime, rioting, and looting endure.

The political machines that run America's cities are likely to keep running them when these protests and riots end. Taxpayers will be worse off, but politicians will be even more powerful.

The medical profession has long employed the state to pad doctor salaries and influence. Before the Flexner Report, mechanics made more than doctors and the brightest students avoided the profession to enter the clergy.