Mises Wire

This article delves into the real cost of war as explained by Joseph Salerno in his book Money: Sound and Unsound. Contrary to Keynesianism, war destroys wealth and destroys an economy from within.

While attempts to eliminate USAID are garnering a lot of publicity, the truth is that the foreign aid budget needs even more cutting that the Trump administration is willing to do.

From the Middle Ages to Rousseau to the Industrial Revolution to Trotsky, historian Ralph Raico provides a refreshing free-market analysis of political thought.

Kennedy had become deeply suspicious of the CIA and other American intelligence agencies. They had given him bad advice about Cuba, which almost got us into a nuclear confrontation with Soviet Russia. 

Six hundred years before Carl Menger wrote his Principles, Thomas Aquinas was writing about the role of subjective valuation in economic exchanges. His work helped lay the groundwork for further advances in economic theory.

There‘s a new sheriff in town, and that spells trouble for the vast federal subsidies that undergird much of higher education. With more universities becoming R1 research institutions, the competition for dwindling federal dollars will change the higher education landscape.

International organizations like the EU and UN are creations of states and serve the states‘ elites. We can‘t “improve” them or make them more “efficient.”

Belief in the fairy tale known as Modern Monetary Theory not only is endemic in US academic and government circles, but is also making headway in Great Britain. We are being forced to learn all over again the lessons of inflation.

By their nature, free markets promote harmony between people and increase overall standards of living. This view is radically different from the ones promoted by Marxists who believe that only “class interests” matter.

This episode explores the economic implications of deflation, debunking the mainstream fear that falling prices cripple economic growth.