Mises Wire

As state control over forests and brushlands continues apace both in Spain and the US, the dangers of wildfires grows worse. Environmentalists, naturally, blame capitalism.

In this week’s Friday Philosophy, Dr. David Gordon reviews Fred Reed’s latest work, which lambasts the American propensity to fight pointless yet destructive wars abroad, all the while destroying what is left of what was once a decent society at home.

Mainstream economics does a disservice when students are taught that money is a medium of exchange, a store of value, and a unit of account without explaining why and how money came to function in those categories.

Our economic future desperately depends upon entrepreneurs being free to act. Unfortunately, our ruling classes seem to prefer economic chaos.

For all the claims made by socialists that capitalism produces monopolies, socialists argue for one big monopoly to control everything: the state.

The California Energy Commission is mandating that starting in 2029, California drivers must purchase environmentally approved tires that are less safe than current tires. The results are predictable: higher costs for drivers and more fatal accidents.

No, covid was not the exception to the rule that liberty comes first. Just because the CDC insisted we give up our freedom for what turned out to be a false security did not justify the government’s heavy-handed approach, something that libertarians should have understood all along.

While the government tells us that inflation is down because the CPI says so, there is another metric that tells a different story: measurement by gold prices.

Trump showed how effective it can be to simply declare success and let supporters believe it. Other politicians are taking notes, even as the problems they all pretend to have addressed continue to grow.

With an election just six weeks away, we can count on the Federal Reserve to open the money spigots to bolster the economy. We will pay later—but we will pay.