Mises Wire

Capitalism Has Improved Life in India, but the Spirit of Collectivism Still Dominates

Economic PolicySocialismWorld HistoryEntrepreneurship


In 1991, India's political leaders moved away from socialism, embracing markets and improving the economy. But Indian elites continue to push socialism to the detriment of the people.

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Covid-19: Will the Political and Health Scandals Erupt into the Public Light?

Bureaucracy and RegulationPoliticsProgressivismThe Police State


Three years after the covid virus hit the world, we are just starting to take a hard look at the damage caused by the covid restrictions. The "experts" not only were wrong; they were scandalously wrong.

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Concentrate Where the Murders Are Concentrated

Media and CultureProgressivism


Progressives like to claim that "America" has a "gun violence problem." However, the "gun violence problem" happens to exist in places where progressives dominate the government.

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Central Banks Turn to Gold as Losses Mount

Monetary Policy


The only reason central banks buy gold is to protect their balance sheets from their own monetary destruction programs; they have no choice but to do so.

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Corporate Welfare for Farmers Is Swell until It's Not: The Case of Arizona Reservoirs

U.S. History


What at first seem like gifts from the state (handouts for some at the expense of others) lead to unfortunate events that cannot be stopped once begun.

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Central Bankers Are Poor Archers: The Problems and Failures of Inflation Targeting and Price Stability

Central BanksEconomic PolicyThe FedInflation


Central bankers follow inflation "target" in their pursuit of "price stability." Not surprisingly, they usually miss their targets -- quite badly -- and we now are living one of those moments.

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Capitalism Does Not Create Social Inequality

Economic PolicyFree MarketsLiberalism


Critics of capitalism claim that it is responsible for creating inequality in society. Yet the precapitalist societies enforced inequality in a rigid social structure.

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Central Banks: Profligacy in Lockstep

World History

The world's central banks ran up their risk, all together, and now the big risks they assumed are turning into losses all around the central bank club.

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