Mises Wire

The US consumer has been adding debt to maintain consumption, and credit card debt has reached new record levels. This is not a strong economy.

The ruling classes insist that a country with a democratic government is also a free country. However, democracies also can be tyrannical and despotic. After all, in the final analysis, a democracy is two wolves and a sheep voting on what's for dinner.

Philosopher Harry Frankfurt definitely was not a product of modern academe, where wokeness and outright humbug rule. He understood that the equal-outcomes portion of DEI was neither possible nor desirable.

The socialist elites that dominate our institutions insist that private property is nothing more than a social construct held together by violence. As usual, they misunderstand that scarcity itself, which is the basis for economics, is also the basis for private property.

As if the government has not done enough destruction in the housing market, there now is a scheme to have the government nationalize second mortgages. Given the previous disaster with primary mortgages, we do not anxiously await the outcome of this proposal.

Those who push the "wage slave" narrative claim that workers are "forced by hunger" to work ceaselessly without an opportunity to bid up wages. History has shown this is not the case. 

President Biden’s student loan forgiveness scheme is really Robin Hood in reverse, transferring wealth from people from lower-income groups to those who are relatively affluent.

What does the state do when in a financial fix? Unlike the rest of us, it legally counterfeits. By so doing, it transfers wealth to those who are politically connected—and then lies about it.

The abolition of chattel slavery was a great advancement for human liberty. But many of those celebrating Juneteenth today still accept the core assumptions that underlie slavery.

Today these reasons or very similar ones are used by opponents of a different form of abolitionism: the proposal that government as we know it — monopolistic, individually nonconsensual rule by an armed group that demands obedience and payment of taxes — be abolished.