Mises Wire

President Trump has discovered a new political hero to idolize: President William McKinley, an imperialist and protectionist. 

2024 was a rough year for the Washington establishment as its control over public discourse continued to collapse. While this is an excellent development, the year also previewed the adoption of a new, more fruitful establishment strategy: co-option.

Government paper fiat money does more than just cause economic havoc. It also is an exercise in profound dishonesty and theft.

Argentina President Javier Milei is proposing a new law that would “declare it an imprescriptible crime for the state and the central bank to monetize the public deficit and create inflation.” While it may be politically rejected, it does point to the real dangers of inflation.

On New Year’s Eve 1974, President Gerald Ford snuck in an executive order legalizing private gold ownership, revoking FDR’s previous policies banning gold “hoarding.”

While US historians tend to tell the simple, good-versus-evil story of the creation and implementation of the Thirteenth Amendment abolishing slavery, revisionist historians see a series of complex events in which the political agenda of Radical Republicans dominated the South.

End the year right and get a head start on a great New Year's Resolution by helping the Mises Institute!

The Federal Reserve and so-called government stabilizers exist ostensibly to balance a market economy that supposedly is fundamentally unstable. But what if government intervention itself causes the instability?

Most editorialists and pundits have labeled Jimmy Carter's presidency a failure, but his activities after he left office as a rousing success. The truth is that his successful deregulation efforts have left a positive and lasting legacy.

The Trump team plans to tinker with government spending, but this does nothing to address the real problem which is the current inflationist monetary experiment.