Mises Wire

The US Constitution doesn't mention immigration regulation as a federal power. So some have tried to redefine immigration as "invasion." It's an unconvincing claim.

Although the subway was never totally private, the history of government's expanded role in running the system has been a history of higher fares and worse service. 

Anti-climate-change schemes will hit people in the developing world hardest. And when it comes to dealing with an uncertain future, poorer parts of the world are the places that will need fossil-fuel-powered technologies and capital most.

American politicians used to "think big." Americans nowadays seem to have lost their enthusiasm for that sort of thing. And that's a good thing. 

On both the left and the right in Canada, politicians are using the Drug War — and all the lives it needlessly ruins — to play political games that help only the politicians. 

The Fed has given up on "normalizing" monetary policy, and it's going to keep on with its ultra-low-interest-rate policy which has led to growing inequality while also failing to drive much growth.

Although Australia follows the same homicide trend as the US, Canada, and much of Europe, gun control advocates try to credit the improvement in Australia almost solely to a 1996 gun control law.

Things like forks and washing machines start out as "luxury" items for the rich. But thanks to markets, these goods, over time, become more and more accessible to everyone.

By tinkering with interest rates, central banks tinker with the way human beings see the present and the future, and their value systems overall.

The effects of inflationary currency are not limited by government borders.