Mises Wire

Whether political elites promote outright socialism or interventionism, thanks to the reality of economic calculation, they are advocating a failed economy.

Contrary to the claim that taxpayer subsidies for higher education provide great social benefits, these subsidies actually are a wealth transfer from the less-well-off to wealthy people.

Economists and pundits mistakenly call the Federal Reserve System's security holdings a portfolio. It is anything but.

Two nations famous for hyperinflation now look to create a common currency. Unless that currency is gold, this is a bad idea.

The proposed central bank digital currencies are not a new and convenient high-tech form of money. Instead, they are yet another power grab by government authorities, continuing the shameful history of government corruption of money.

Having given a harsh review to Leonard Peikoff’s Ominous Parallels four decades ago, David Gordon revisits the book.

The fact the money supply is actually shrinking serves as just one more indicator that the so-called soft landing promised by the Federal Reserve is unlikely to be a reality. 

While President Joe Biden's White House continues to give happy talk about the economy, some major economic storm clouds are brewing. The future does not look good.

China has created a crackdown cycle that is hurting the entrepreneurial spirit.

The FOMC's publicly stated predictions of its own future behavior are essentially useless as accurate predictors of future events. This has been illustrated over and over.