Mises Wire

David Gordon reviews J.W. Rich's new book, Praxeological Ethics: An Inquiry into the Nature and Foundation of Ethics and finds much to like about this volume.

With the US government engaged in out-of-control spending, we are looking at tax increases in the coming years. And even if Congress does not pass official tax hikes, we will see the government seizing wealth via inflation.

Ryan and economist Jonathan Newman look at what happens when governments try to control prices. It turns out bad things happen. 

While Donald Trump is trying to appeal to homeschooling families with his Agenda 47 plan, the reality is that by offering tax breaks and subsidies, the federal government ultimately will be able to regulate homeschooling, and federal control will ruin homeschooling as we know it.

The Nigerian government has passed a new minimum wage law, and the usual suspects are happy because the country "is getting a raise." Economic reality, however, will set in soon enough as people find that government edicts do not create wealth.

Ryan takes a look at Ludwig von Mises's definition of "democracy" and how democracy only works when mixed with an unlimited right to secession. 

Although John Kenneth Galbraith promoted socialism and Keynesianism, at least he was an entertaining writer. His book, The Great Crash, 1929, provides a readable history of the stock market crash that helped bring on the Great Depression.

Trump has taken to calling Kamala Harris a "communist." But a real communist president would be hemmed in by the political class, who wants to keep the profits they’re extracting from us, and limited by a commitment to principles. Harris will not have that problem.

Keynesian economists claim that the economy needs at least 2-3% inflation in order to avoid business cycles. But these inflation rates over time are economically ruinous and they actually harm economic growth.

Legislating against unfairness in order to achieve "equal" outcomes is like legislating against the wind. While government has little control over outcomes, its predations can make those outcomes worse.