Mises Wire

Ludwig von Mises writes on how Carl Menger foresaw the destruction of Europe due to its rejection of capitalism and classical liberalism.

Robert Luddy explains today at The American Spectator how the Fed's fixation on promoting price inflation is a big problem.

For the IRS and the federal government in general, the Drug War is just the gift that keeps on giving since the high tax rates can be traced back to a 1980s-era anti-drug law.

Between conflicts with Eastern Europe, and the threat of a Birtish exit, the EU has some real problems. 

It’s laudable when we give gifts that are truly ours to give. This should not be confused with giving away the property of others. In either case, if we want more wealth to give away, we have to produce wealth first.

Whether we're talking about central banks or the US Supreme Court, governments everywhere continue to centralize power in the hands of the very few. The problem with this, though, is that successful central planning is impossible and leads to economic chaos.

Do women really pay more than men for the "same" goods and services? No. Not only are these supposedly identical goods not actually identical, but the consumers value them differently, leading to different prices.

If our "representatives" in Washington cared anything for fiscal responsibility or keeping costs under control, the US would leave NATO immediately, or at least take a small step in the right direction by expelling Turkey from NATO, ASAP.

It all boils down to one thing: the reason the big banks have gotten so large is because the banking industry in the United States was purposely designed to be a highly concentrated oligopoly.