Mises Wire

An enduring myth among American historians is that President Hoover's response to the Depression was to let the free market work. This is totally false.

Marx failed to grasp that there are laws of human action that apply universally. His understanding of economics was far inferior to that of Nassau Senior, whom he derided as the quintessential “bourgeois” economist.

This collection of essays by experts in diverse fields applies libertarian philosophy and free-market economic theory to literature and media.

Is “austerity” in the future for the US Government? Awash in debt and facing economic crises, the government may have to go on a diet, something neither Congress nor the president want to do.

The leftists destroying and defacing Teslas to protest Elon Musk’s foray into American politics provide the latest example of the American far-left being easily co-opted into playing directly into the hands of the political establishment.

The presidency—by which I mean the executive state—is the sum total of American tyranny. A world with any superpower at all is a world where no freedoms are safe.

Market participants will need more than rate cuts. We need to see real rates falling, inflation under control, and the deficit slashed. 

The history of the rise of the state is a history replete with efforts by national states to replace private-sector money with state-controlled money.

Trump continually campaigned on the promise to cut spending, but the budget proposal he supports was much higher than that of President Obama.

Portugal's Estado Novo regime under António de Oliveira Salazar was lauded by some classical liberals for allegedly saving the nation from socialism. However, as Paulo Ferreira writes, for all practical purposes it was a socialist government.