Mises Wire

The United States will not enter a recession due to the change of administration, but because of the excess spending policies of the Biden years.

History has shown that prosperity is built through economic freedom and self-reliance—not through perpetual financial transfers from former colonial powers.

Economic development cannot ever be seen as an end in itself. People are complex, social beings who may well forgo some of the advantages of economic growth for social stability, something Ludwig von Mises and Murray Rothbard understood.

Mainstream economists claim that in order to “do economics,” they must collect data and then see where it leads them. However, data by itself is economically useless without a guiding theory to explain what is happening.

While Elon Musk and his DOGE team have made some highly-publicized “cuts” in federal spending, much of the federal budget has been hammered in stone for a long time. It will take fundamental changes in spending patterns to make a real difference.

Great Britain‘s Labour government, since coming into power last year, has taken a number of measures that already are resulting in lowering the nation's standard of living.

We should not look just at the visible and obvious results of tariffs. We must also look at the good things that the tariffs keep from happening.

Most modern Americans cannot conceive of states seceding from the US, but in 1860, the majority of the people believed secession was both legal and moral and saw the Constitution as permitting it. 

While Marxist progressives claim that “class conflict” is the source of social ills, the true conflict involves the tax-consuming caste using state power to plunder the productive tax-paying caste.

It seems that the EU leaders have decided on a new military spending spree. To pay for this, the EU will issue new war debt on top of its current high debt loads.