Mises Wire

Javier Milei is trying to undo the damage created by nearly a century of socialism in Argentina. Mises, Rothbard, and Hayek were good teachers.

At the urging of a progressive prosecutor, a Michigan jury this week vastly expanded criminal law to convict parents of a school shooter who themselves had not broken the law.

In a recent statement, the Federal Reserve declared that US banks are "sound and resilient," but a lot of markets, including real estate, testify to a very different situation.

The jobs report is only something to brag about if one's definition of a strong jobs economy is one in which fewer people have jobs, full-time jobs are disappearing, and government jobs are a growing component of overall job growth.

School choice would seem to have benefits, but as Thomas Sowell says: “There are no solutions. There are only trade-offs.” Enthusiastic “school choice” proponents forget that with government money comes government control.

Another Pentagon audit, another massive failure. But the Pentagon's problems are not just simple accounting. They reflect the reality of an unaccountable rogue empire that tries to prop up the US empire.

In his new book, Paul C. Graham describes the 1789 Constitution as an attempted coup by the nationalists to consolidate power in the national capitol. At the constitutional convention Alexander Hamilton proposed a permanent president who would appoint all governors.

While the German HIstorical School might not have the intellectual influence it once did, its doctrines caused enough damage to alter the direction of world history. And not in a good way.

There will be life after Trump one way or another, but in the long run, it seems as though the ruling party always wins.

Expanding mass support for socialism in the 1890s put a rude end to the optimism of laissez-faire liberals. Many saw that the twentieth century would put an end to the great civilization that had been the product of nineteenth-century liberalism.