Mises Wire

Biden has embraced the trade war. But, if protectionism actually produced competitiveness, American steel manufacturers would have become world leaders long ago. 

Ingrid Robeyns doesn't want to abolish markets and replace them with central planning. However, as David Gordon points out, her ideas on reducing inequality reflect the belief that progressives can create a fantasy world, state control without the consequences.

Mark takes another look at the Producer Price Index.

Almost all of the climate hysteria is driven by the “luxury beliefs” held by Western elites. Only the wealthiest can afford the effects of climate policy. 

Ryan and Tho discuss Renato Moicano's viral Mises moment and the backlash it received from pundit Sohrab Ahmari.

Tariffs are nothing more than taxes, which means that protectionists believe high taxes create prosperity. This is an absurd claim. 

Lying between Taiwan and Mainland China, Kinmen Island would almost surely be the first place Chinese armies would land if they were to invade Taiwan. Kinmen also serves as the tripwire to bring the US into a China-Taiwan conflict.

George Ford Smith reviews Robert Murphy’s book Understanding Money Mechanics. Murphy, he writes, both explains money and why fiat money is such a dangerous thing in the hands of governments bent on grabbing power and abusing citizens.

While Social Security is not exactly a pension system, it has had a negative effect on private pension plans and has discouraged people from engaging in long-term savings. In the end, its negative effects outweigh the positive ones.

Few ideas are as closely associated with Marxism, writes Ralph Raico, as the concepts of class and class conflict. But the concept itself, with a more realistic understanding, originates in liberal theory.