Mises Wire

Innovations aren‘t very useful unless they serve consumers in the marketplace. Otherwise, we‘re pursuing innovation for its own sake, and that isn‘t progress.

The protest movements by gun-ownership-rights activists in Virginia still faces an uphill battle. But it may be the best battle to choose, since it would be a mistake to put faith in the courts.

These days, the commercial banking system isn’t where the action is. Instead, it’s the shadow banking system that needs direct feeding to goose inflation—at least inflation in asset prices, and also to keep the debt service on the nation’s debt as low as possible.

Some anti-Brexit pundits tried to frame the Brexit debate as one of savvy economics-minded people against economic illiterates. These people missed the point.

Was healthcare a natural right two hundred years ago? If so, how is it that this "right" to eighteenth-century medicine morphed into a right to MRIs and chemotherapy? Do rights change with technology? That's not how rights work.

Economics is not intent upon pronouncing value judgments. It aims at a cognition of the consequences of certain modes of acting.

After very quickly becoming an advanced economy, South Korea is experiencing declining growth and labor productivity. The culprit, as usual, is government intervention in the market to favor certain interests.

Lew Rockwell reviews a newly released collection of Neil McCaffrey's letters and other writings, which reveal his relationships with members of the early libertarian movement such as Murray Rothbard.

Experts who predicted economic doom as Brexit approached obsessed over the problem of "transaction costs" in trade. But the EU was imposing countless new transaction costs of its own.

Taxpayers are paying the disability pension of a "disabled" former cop who works full-time for the FBI and is classified as being in "excellent physical condition."