Mises Wire

Free market economics is often ignorantly dismissed for being "ideological" rather than scientific. It probably sounds smart to the economically illiterate, but it is decidedly not.

The Social Security program will have to be either inflated away with increasingly worthless dollars or Congress will have to intervene to cut benefits. 

The so-called CLEAN Future Act is as poorly designed as its acronym. Like the Green New Deal, it consists of radical new spending proposals that the bill’s supporters would have liked for other reasons, and which aren’t even compatible. 

If we regard nationalism as necessarily harmful, we end up supporting the Soviet Union, and every empire and two-bit dictator who manages to hammer together a variety of disparate groups under a single national banner.

Allowing the market to operate with minimal government intervention has helped Chile become one of the freest and wealthiest countries in South America, especially when compared to its direct neighbors.

States seek to perpetuate themselves by seizing more control of capital and human beings. Size makes this easier. And every regime would become a mega-state like China or the US if it could.

Government statistics on worker productivity combine many errors of aggregation such as "average prices" and the total purchasing power of money. So it's unlikely that productivity numbers tell us much that's useful.

Social Security has been a money-losing mess for decades, and it's a major drain on private sector saving and investment.

The term "socialism" properly refers to government ownership of industry and service providers. In this respect, Bernie Sanders has a long record of proving he's a true socialist.

Antisecessionists insist that radical decentralization means more "nationalism" and protectionism. In practice, the exact opposite is more likely.