Mises Wire

If deficits don't matter, why bother with taxes? The regime has the answer: taxes are important for punishing people we don't like, rewarding our friends, and for maintaining control over the public. 

If we’re going to ask ourselves what might have caused such an unusually large rise in homicide, we ought to look for very unusual events. Covid lockdowns certainly fit the bill. 

Government revenues are outpacing population growth, yet government agencies can’t seem to carry out even the most basic functions. The solution? More tax revenue and bigger budgets! 

Are you smart, have a hunger to succeed, have a finance education, have a desire to work in finance, employ common sense, have high EQ, are an abstract thinker, believe in American exceptionalism, and willing to work long hours? You might be the one.

To foster economic recovery, we do not need "stability." What we need is an environment of freely changing prices, even if price changes are frequent and substantial. Only this call allow markets to respond to consumer needs. 

Electing better planners won't make socialism work. Central planning fails because planning without the feedback mechanisms of the market is an impossible task.

As one settler put it, "All mankind … have an undoubted right to pass into every vacant country, and to form their constitution, and … Congress is not empowered to forbid them." Unfortunately, Congress had good reasons not to acknowledge this.

By embedding victim-centered justice in law, lack of due process will become institutionalized. The burden of this will fall on men, and in particular black men.

The reliability and service life of the F-35 were greatly exaggerated in earlier reports. Now the aircraft is looking like an even bigger boondoggle than before. 

For decades, demand-side policies showed diminishing but not lethal results, but now the world has repeated the same policies so many times that there is simply exhaustion.