Mises Wire

Economic theory must have only one purpose — to explain economic activity. However, statistical methods are of no help in this regard.

The number of jobs that require an occupational license now covers 30% of the US workforce, up from 5% in 1950.

Joseph Stiglitz has written a new book that calls for massive state control over the economy.

Socialism, democratic or otherwise, rides on the back of force and violence. When they drop the veil, its a government agent pointing a gun.

The effort to nullify gun laws at the county level illustrate how the relationship between citizens and government can be quite different at a more local level.

Marx said that what he wanted was to create a one-world state. And that was Lenin’s idea too.

Social Democracy fails for the same reasons communism did. It just fails more slowly.

Government interventions in the marketplace crate side effects which distort markets and impoverish consumers. The government must then step in the "correct" the problems with even more intervention.

By threatening the Venezuelan regime and imposing sanctions, the US has only inflamed Venezuelan nationalism, while providing the regime with a convenient scapegoat.

The evolution of global trade over the last decades has thus been influenced to a significant and yet unrecognized extent by the expansionist monetary policies of governments around the world.