Marx’s View of the Division of Labor
The division of labor is what made the West rich and has kept it rich. It's telling that Marx planned to abolish the division of labor altogether.
Mises Wire
Cuba Denuclearized in 1962 — Why Continue the Embargo?
President Trump is saying that the U.S. government will lift economic sanctions against North Korea if it “denuclearizes.” Cuba denuclearized in 1962.
Trade Tariffs Won’t Crash the World Economy, Monetary Policy Will
Many people fail to correctly distinguish between the causes and effects of price inflation and those of monetary inflation.
Trump’s Two Biggest Trade Myths
Government stats on trade deficits tell only a tiny bit of the real story.
What’s Behind Trump’s Korea Agreement
Trump's Singapore Summit was really just a way for him to cede power in the region to the Koreas and to China.
The Rothbard Deniers Are Wrong
In some Austrian circles, it's popular to downplay Murray Rothbard's significance to the Misesian tradition. History isn't on their side.
The Dollar Dilemma: Where to From Here
A monetary crisis is coming. Will gold or crypto replace the dollar?
Why Central Bankers Think They’re Doing Good for the Economy
The only reason why the illusion that central authorities can grow an economy appears to be real is because of a still expanding pool of real savings.
Argentina’s Peso Collapse Is a Warning Sign
The recent collapse of the Argentine Peso and other emerging currencies doesn't bode well for the global economy.
A “Universal Basic Income” Costs More Than You Think
Basic-income schemes siphon off resources from employers who could have used them to increase worker productivity — and worker incomes.
