Mises Wire

Texas politicians have decided their political "wisdom" can replace a market pricing system in production and distribution of electricity. Failure looms.

The Labor Party's recent triumph over the intellectually-spent Tories finds the political regime wanting to bring back full-blown socialism. There is little to stop the British left from pushing a disastrous agenda.

Inequality is inevitable and there are many reasons it exists. However, by declaring that racial discrimination is the primary cause of inequality is to substitute egalitarian ideology for economic reality.

Rate cuts do not signal a healthy economy but a slowing one, so equities slump despite the promise of a rate cut because investors continue to see lower buying pressure.

Government officials cannot stand to be mocked, but Brazil's finance minister and his tax plans have made the regime the target of a new wave of mockery.

Most Americans have no idea of the damage that the Federal Reserve system has done to their daily lives. Unfortunately, most Americans are not particularly interested in finding out either.

Harris's advisors must know price controls drive up prices. They just don't care. Price controls are a political policy. They help politicians get elected. 

Meanwhile at the EU, the censorship and anti-free speech regime marches on. The current target is Elon Musk's X. It won't stop there.

In writing about the scope and history of education in the U.S., Albert J. Nock had high hopes for its future. Even though much of it has degenerated into wokeism and outright mediocrity, there always seem to be green shoots of learning coming from those who still value learning.

As inflation gets worse in Nigeria, politicians call for price controls and other government interventions. Unfortunately, they never consider the option of free markets.