Mises Wire

Even though Cuba poses no threat to the U.S., the Trump administration continues its criminal policies of sanctions and other restrictions in an attempt to foist "regime change" on the country.

The story of Anil Ambani destroys the belief that capitalism automatically favors the rich and excludes the poor. Once a billionaire, he made a series of bad business choices and the market punished those choices. Capitalism favors good choices.

While the Voter ID debate consumes the airwaves with political debate, the real issue is not who is elected, but the unelected elites that hold power. Even if Voter ID passes, the new law will not change the real structure of power.

Ludwig von Mises’s first major work was The Theory of Money and Credit in which he explained the role of money in the economy and also pointed out what causes the boom-bust cycle. It remains an important classic in Austrian economics.

The Civil Rights Act, first passed in 1964, is falsely connected with freedom. In reality, this law severely restricts individual liberty and replaces it with coercive government acts.

From the Jacksonians to the Marxists, political theorists have understood that there is something unique about “small industry” between big business and propertyless workers.

The American empire—with its global military footprint and permanent war economy—cannot be financed through honest taxation without provoking revolt.

Mainstream economics and finance theories hold that markets immediately adjust to new information. While market prices do reflect available information, the Efficient Market Hypothesis (EMH) fails to explain the boom-bust cycle as well as Austrian analysis.

The boom-and-bust cycle isn’t limited just to so-called advanced economies. It also has become a way of life in the economies of tropical countries and other emerging economies.

When we think of the need for more electricity to meet a weather-related surge in demand, we think more generation of power. However, entities like Bitcoin, which is a huge electricity consumer, can also curtail enough operations to put more power back into the grid.