Mises Wire

Federal criminal prosecutions ought to be abolished and left to the states. But until that happens, abolishing the federal death penalty is a good place to start.

Last week Business Insider referenced a study to defend NYC's minimum wage law. Neither holds up well upon any sort of serious analysis.

The US dollar came to rule the world in the wake of two world wars. But back then, the dollar's hegemony was based on a solid foundation of savings and capital accumulation. But today, the dollar's growth is based on huge piles of debt.

If the world gets into a currency war — with the assault on wages and savings that devaluation entails — no one wins.

Jeff Deist reviews Michael Malice's The New Right in the forthcoming September/October issue of The Austrian.

Trump seems to want a smaller trade deficit, and increased net capital flows into the U.S. at the same time. But he can’t have both.

Given the way it's calculated, GDP can be driven up just as much by squandering wealth, as by building it up.

For Ludwig von Mises, international bureaucracies like the WTO devoted to enforcing "free trade" are not progress. They're simply another type of government planning.

It was Ludwig von Mises who revealed the intimate connections between Austrian economics and authentic liberalism.

In a free society, defamation would be a nonissue. No one would be able to use the courts to punish other people for the things they say or write. The only exception would be if a person voluntarily signed, then violated, a contract agreeing not to say certain things.