Mises Wire

As Newsweek noted last week, Russian television pundits are joking that with the financial windfall Russia has seen since sanctions were imposed, “Biden is of course our agent.”

The myth that won't die is that Nazi Germany was a fully functioning free-market economy. In truth, it was effectively as socialist as its supposed rival, the USSR.

Many of the best-known civil rights leaders eschewed entrepreneurship, emphasizing that blacks seek employment in the professions and government jobs.

Paul Krugman denies that the Fed artificially suppressed interest rates. As usual, Krugman neither understands interest rates nor the effects of inflationary policies.

Since the 1940s, failed statist schemes have dragged Argentina into poverty. Javier Milei, who is gaining popularity there, hopes to change his nation's sad history.

The relative lack of inflation in Japan doesn't mean real wages haven't fallen.

After suppressing interest rates and creating asset bubbles for more than two decades, the Fed is now juicing up interest rates—and wrecking the economy.

The end of Roe may force many Americans to recognize that the United States is not one place. It is many places. The key is to reject uniform federal policy. 

Legal systems matter, and common law better serves a free society than statutory law, with its emphasis upon legal positivism.

Tightening the interest rate hurts both bubble and solid businesses. The Fed should just focus on reducing the money supply.