Mises Wire

Populist radical right parties have gained remarkable traction across Europe since the refugee crisis of 2014-2016.

Nobel Prize winner Daron Acemoglu writes that western colonialism of African countries has permanently fixed their institutional direction. This ignores what we know about the history of these nations.

While Paul Krugman certainly was well-known as an academic economist, he won his Nobel Prize in 2008 for his anti-George W. Bush commentary in the New York Times.

This won't be cured by an end to hostilities in the Strait of Hormuz, which don't look to end soon in any case. 

Keynesians claim that government debt is no problem because “we owe it to ourselves,” as though owners of US debt don’t care if they are repaid or not. Taxpayers, who actually will pay the debt, are left out of the equation.

The temptation to think of China as an economic juggernaut needs a reality check. While China’s government-dominated economy has many impressive building projects, there are underlying malinvestments that the government continues to subsidize, leading to future problems.

Robert Hall and Michael Woodford certainly deserve the Nobel memorial prize. Their work has had a substantial impact, yet significance is not soundness.

Swiss politicians are thinking of ending Switzerland's long-held policy of neutrality. Why ruin what has been a good thing?

A conservatism that does not recognize the efficacy of natural law is no conservatism at all.

According to Milton Friedman, the Great Depression happened because the Federal Reserve followed a “tight” monetary policy. The truth is that the Fed's loose monetary policy during the 1920s created the conditions for a crash and subsequent depression.