Mises Wire

The standing myth about AI is that it will put everyone out of work and leave the Marxian Reserve Army of Labor. The other fear is that it will bring about socialism. Neither is true.

Portugal’s Estado Novo, which dominated politics for more than 30 years there, and was firmly anti-capitalist. It has been 50 years since Estado Novo’s demise, but anti-capitalist thinking still dominates among Portugal’s ruling elites.

Historian Richard Hofstadter was a well-known progressive, but his take on Abraham Lincoln certainly differs from the hagiographic approach most US historians take toward him.

While the Fed continues its “two percent” charade, the central bank has been inflating the US economy into ruin. The latest Fed capers will not end well.

Warren Harding provides a case for how lies and myths—in the name of the truth—can be centralized and become the dominant narrative for generations, shaping views on policy.

For 150 years, Thanksgiving has been primarily an apolitical holiday that's really about family fun and eating a huge meal.

The first English settlers in America learned a hard lesson about socialist economics in the early years of their new colonies as they faced starvation. Once they embraced free enterprise, however, they had something to be thankful for.

Europe’s eye-watering tax levels are a leading cause of stagnation of European economies, as well as the symptom par excellence of statist gluttony.

The excitement of DOGE’s early days has mostly dissipated, in large part because Republicans still completely accept the fallacious paradigm of their progressive opponents about how all these government programs are providing necessary services for the American people.

In a recession or a crisis, the right approach for individuals is to save. So too for the national economy. Saving does not cause the economy to fall into recession any more than more spending can save it from recession.