Mises Wire

In the developing world, government schools are notable for corruption, low quality, and few options. Private schools have stepped up to provide services where governments have failed.

Governments take on a variety of responsibilities as a justification for greatly expanding powers — claiming these powers are necessary to fulfill these new responsibilities.

In a true market economy, the financial success of one person cannot conceivably be the cause of someone’s else’s poverty. In fact, it's the opposite.

Many states assumed to be "turning blue" actually get more migrants from red states than from blue states. It's also a bad idea to assume that everyone who moves from Illinois agrees with the median voter from Chicago.

Like taxation, government spending diverts resources from real wealth-generating ventures. Borrowed funds for continued spending must also be repaid, so current spending translates to future taxation.

In January, year-over-year growth in the money supply was at 3.3 percent. That was down from December's growth rate of 3.8 percent, but was up from January 2018's rate of 2.8 percent.

Many still to this day will not admit that the devastation witnessed in Venezuela is a problem inherent to socialism.

Last year, on net, nearly 138,000 more people left California than moved into it from elsewhere in the US.

Wishing people had higher wages doesn't change the fact that it's impossible to make people richer by merely passing a law. Workers can only sustainably be paid more if they produce more. Fortunately, markets offer an answer to this problem.

There is no justification for any lawful entrepreneur to feel any sense of guilt in appropriating the results of his or her creative activity.