Mises Wire

We are told that economic growth goes along with liberal democracy. But social institutions play an important role that transcends the political order.

Is it too much to hope that the current inflation will "burn out" via similar mechanisms that have reined in inflation in the past?

Despite the Left's denials that Hitler was a socialist, a careful reading of his writings and speeches tells a different story. His sympathies lay with the workers, not the bourgeoisie.

The US has sworn off regime change in Russia. The lesson here is obvious for regimes that don’t wish to be in the US’s sphere of influence: get nuclear weapons as soon as you can.

After all the romanticizing about democracy and voting, in the end, we are still left with the sad fact that the worst always find their way to the top.

The sanctions against Russia have the potential to spiral into something much larger. Indeed, many governments are using the current conflict as an opportunity to further push "green energy," rearmament, and other big-spending schemes.

Trying to understand the Russian invasion of Ukraine from the exclusive viewpoint of modern Western democracy is to ignore the long history of authoritarian leadership in Russia.

Despite assurances from politicians and the media, the Federal Reserve System is not a collection of geniuses who stand guard against inflation and recession. Instead, think of the Fed policy makers as the Keystone Cops of central banking.

While Hilary Putnam was not a friend of free-market economics and remained a socialist throughout his life, he made important contributions to the subject of ethics.

Paul Krugman recently wrote that the reason we see high inflation is that people mistakenly believe inflation is in our future and act accordingly. This reasoning is false.