Mises Wire

The simplest action of economics—beneficially mutual voluntary exchange—is also its most profound. People serve each other while improving their own lot in life.

The recent actions of the Federal Reserve are reminiscent of central bank activities in wartime.

The activists went from "We want to be left alone to live our lives" to "we want to control your lives too." Now the movement has state power on its side and bullies all opponents. 

The potential for denationalized money is real and important. But progress still must be made before cryptocurrencies can become true substitutes for fiat currencies. 

Some are claiming that AI can make socialism workable, but even AI cannot take the place of entrepreneurial economic calculation.

Following the collapse of the USSR, many socialists pinned their hopes upon the development of a "market socialism" that would be economically efficient and create equality. Marxist philosopher G.A. Cohen wisely dissented.

Mises U students interview Karl-Friedrich Israel and Tate Fegley.

Federal prosecutors and other law enforcement agents are turning blockchain firms into government subsidiaries. The real goal is to criminalize what really are lawful, private exchanges.

Even under chattel slavery, inequality was still pervasive. Carpenters, sugar boilers, blacksmiths, cabinetmakers, and rum distillers constituted an elite core of slaves.

Student debt is a huge social problem, but the reason is that higher education costs themselves have become a major problem and are a financial burden whose costs outweigh its benefits.