Mises Wire

In the year since Donald Trump’s “liberation day” in April 2024 fewer Americans are now working, and inflation-adjusted hourly earnings are still below where they were in 2021.

While Republicans have promised robust economic growth to accompany their tax cuts, reality has been different. That is because Republicans increased government spending at the same time, dragging down the economy.

It is because of wonderful supporters that Mises University is 40 years old. Thank you for believing in this radical program for educating students.

In pursuing the so-called green economy, Great Britain’s Labour Government must resort to socialist planning and totalitarian propaganda.

As the economy falters, socialists are getting elected, promising free goods and services and an end to the chaos. Even when they make things worse, however, they will still gain political power.

Governments take valuable things like paper and minerals, stamp something on them, and call them money, in the process rendering these things almost worthless. Something is wrong with this picture.

Karl Marx not only misunderstood value and production, but he also was wrong about large-scale and small-scale property owners.

Both progressives and conservatives show a complete unwillingness or inability to distinguish between those who got rich by genuinely creating value by serving others and those who are getting rich by expropriating wealth through force.

Political power over markets doesn’t just corrupt individuals—it corrupts the price system itself.

The recent death of Paul Ehrlich reminds us that his crackpot overpopulation theories still are with us, even as they are being regularly discredited.