Mises Wire

Nobel-winning economist Claudia Goldin claims that WNBA players are vastly “underpaid” relative to their male counterparts in the NBA. Economic analysis, however, tells us a different story.

Bitcoin’s power lies not in being wielded by geopolitical superpowers. Turning it into a “national strategic asset” undermines its very essence. If bitcoin is to remain a tool of freedom, it must resist becoming a tool of empire.

One of the most pernicious legacies of Hitler, Stalin, and Mao is that any political leader responsible for less than, say, three or four million deaths is let off the hook. This hardly seems right, and it was not always so.

Myanmar has been a textbook case of the tragedies of socialism. While people are familiar with Nobel Peace Prize winner Aung San Suu Kyi, who tried to lead the nation to democracy and a market economy, the nation is better known for military dictatorship and political and economic repression.

The old Dutch republic was a case of commerce producing tolerance, producing harmony, producing a willingness to interact for the mutual benefit.

What the “legacy” media is trying to present as a brand-new authoritarian crackdown on the press is only a more visible version of how the federal government has attempted to control public opinion for nearly a century.

With US Government bonds being downgraded, another sign that Washington's borrowing and spending is out of control, not that anyone in power is listening. Think of the downgrade as a canary in a coal mine.

The American Revolution was fought to free American colonists from an overbearing British government. Yet, only a few years after independence, Americans had created a constitutional government that would wield much power than anything the British had.

Marxism has seeped into politics, education, and religion—reducing human action to class and race. Mises offers a more accurate understanding of how humans act.

Modern macroeconomic theory claims that government spending, taxation, and monetary creation is essential for economic growth. Austrian Economists, however, note that government stifles the economy.