Mises Wire

Africa Doesn't Need More Government Aid; It Needs Free Markets

Bureaucracy and RegulationFree MarketsSocialismWar and Foreign Policy

Blog12/13/2023

Africa, while being rich in natural resources, is hobbled by government corruption, socialistic policies, and a lack of economic freedom. One only can hope for change.

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A Rising Stock Market Does Not Drive Economic Growth

Booms and BustsThe FedFinancial MarketsMonetary Policy

Blog12/07/2023

The common belief is that increases in the stock market drive overall economic growth. Expansionary monetary policies, however, are responsible for driving up stock prices even as they simultaneously damage the economy.

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As the US Treasury Runs Out of Creditors, Its Options Dwindle

The FedMonetary PolicyTaxes and SpendingU.S. History

Blog11/29/2023

With US government debt skyrocketing past $33 trillion and possible recession looming, the Treasury faces the prospect of running out of suckers. Finding buyers for US debt will become much more difficult.

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Arkansas' Attack on Chinese-Owned Property Is Reckless and Crony-Driven

Cronyism and CorporatismPoliticsWar and Foreign Policy

Blog11/28/2023

Arkansas Gov. Sarah Huckabee Sanders is forcing a Chinese firm to sell its Arkansas land holdings in the name of “national security.” The order is economically destructive and serves no useful purpose.

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After Ukraine, Realpolitik Will Be the New Interventionist Status Quo

Big GovernmentU.S. HistoryWar and Foreign PolicyWorld History

Blog11/27/2023

Between war weariness and the inability of the US government to pay war bills, reality is going to come to the fore even if Washington doesn't like it.

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Are Businesses Entitled to a Fair Profit?

Corporate WelfareCronyism and CorporatismEconomic Policy

Blog11/23/2023

One of the cliches of the New Deal was that businesses were entitled to a “fair” profit. Leonard Read astutely pointed out that profits (and losses) have nothing to do with “fairness.”

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America the Obese: How Taxpayers Are Forced to Ruin Their Health

Corporate WelfareEconomic PolicyProtectionism and Free TradeU.S. History

Blog11/18/2023

Since the original sugar tariff of 1789, US government policy has been to subsidize sugar, a policy that has led to serious consequences, including a health crisis of obesity.

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