Mises Wire

The experience with which the sciences of human action have to deal is always an experience of complex phenomena. No laboratory experiments can be performed with regard to human action.

Italian fascism and German national socialism were committed to abolishing private property in practice, if not in name.

The best EU is an EU in which free and sovereign nation-states voluntarily come together to cooperate.

The trade deficit has increased since President Trump took office, consumer prices are rising, and American industries are losing their competitiveness on the world stage.

Environmental activists in US politics are making it quite clear that their goal is nothing short of a socialist economic revolution.

In the conditions of a labor shortage, which necessarily materializes if wage rates go below the point corresponding to full employment, the payment of higher wages provides exactly the same benefit to employers.

Virtually all laws involve "legislating morality." When people use this phrase they often really just mean "I want laws to back my version of morality, not yours."

Even if Trump and Xi both desire to reduce America's trade deficit with China, it's unlikely it will shrink in the short term.

"Digital cash" is the latest terrible idea from those who want to give central banks more power to meddle in the economy.

Socialism will always encounter two big problems when regimes attempt to implement it: 1) the impossibility of economic calculation without true market prices, and 2) the lack of an incentive to produce only what consumers actually want.