Mises Wire

Soviet Terror Was the Natural Evolution of Marx's Communism

SocialismWorld History

Blog09/26/2020

Thomas Sowell has explained that while "Marx may have explicitly advocated the idea of a democratic workers’ government, his own personal style was dictatorial, manipulative, and intolerant."

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Should Investors Focus on Risk Rather Than Profit?

Financial Markets

Blog09/25/2020

The stock market does not have a life of its own. In a relatively free economy, success or failure of investment in stocks depends ultimately on the same factors that determine success or failure of any business.  

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Slavery in the Asante Empire of West Africa

World History

Blog09/23/2020

The Asante (or Ashanti) Empire of West Africa is a reminder that slavery and political conquest are not at all unique to Europeans.

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Should Billionaires Exist?

SocialismTaxes and Spending

Blog09/21/2020

It may be emotionally satisfying for many to favor sticking it to billionaires, but reason informs us that in so doing it is the poor who would end up paying the steepest price.

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Sound Money Is Key to Defending Our Liberties

BitcoinMoney and BanksStrategy

Blog09/02/2020

Ludwig von Mises viewed sound money as a limit on government power and as "an instrument for the protection of civil liberties against despotic inroads on the part of governments. "

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Swamponomics: Trump's Fed Pick, a Kodak Moment, and GDP Misinformation

Cronyism and CorporatismThe FedFinancial Markets

Blog08/08/2020

Kodak's newly announced $765 million loan is just another case of DC picking winners and losers.

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Say's Law and the Effects of a Growing Money Supply

Booms and BustsMoney and Banks

Blog07/31/2020

Economic growth results from increasing production, and the money supply is always sufficient to foster exchange. The boom-bust cycle only occurs when production is distorted by a growing money supply.

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Stocks Always Go Up. Until They Don't.

Blog07/08/2020

When confidence is extreme, there's no scrutiny. There's always a "this time it's different" mindset, the belief that anything is possible.

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