Mises Wire

There are more federal grantees and contractors at NGOs and private firms than there are “official” federal workers.  These faux “private“ jobs must be cut also.

What determines currency exchange rates? While “experts” present a number of theories such as trade balance, the most important factor is the purchasing power of the currencies in question.

In his inaugural address, President Donald Trump promised a “revolution of common sense.” However, one area of US government policy that has lacked “common sense” for more than a century is how this government deals with other nations. It‘s time for a change.

Things aren‘t going as planned. Inflation just rose to an 18-month high, and the Fed has stopped saying that it‘s making “progress toward the 2 percent objective.”

While Rothbard offers a focused economic analysis that situates the crisis within a broader theoretical framework, Browning gives readers a sense of what it felt like to live through the crisis.

Osama bin Laden never commanded an army, but he managed to militarily and economically defeat the US by enticing its government to waste trillions of dollars with foolish military ventures in the Middle East and elsewhere.

Much of the world‘s financial system is undergirded by the false claim that US government bonds are “risk-free.” The truth is that all is not well when it comes to banking and finance.

Economics Professor Josh Hendrickson breaks down a little-known document from Trump’s incoming economic adviser, revealing their strategic theory behind tariffs.

As the Trump administration cuts thousands of federal jobs, it‘s good to remember that the public sector‘s “services” provide no actual net value to the “national product.”

Robert Paul Wolff, who recently died, understood that the state is incompatible with individual rights. While he faltered in his views on economics, he helped lay the groundwork for a reasoned and coherent opposition to state-sponsored power.