Mises Wire

In the midst of moral and intellectual decay, Roepke was an inflexible harbinger of the return to reason, honesty and sound political practice.

Supporters of the universal basic income claim it ends dependence on markets, bosses, family, and bureaucrats. But it doesn't eliminate dependence. It only transfers dependence to the central state.

Many conservatives seem to believe that America has been taken over by hard-core libertarians, with the result being a dystopian plutocracy. The answer, they tell us, lies in high taxes and more government power.  They're wrong about both the diagnosis and the cure.

Governments routinely bribe suspects into accusing others in exchange for reduced sentences. Thus, suspects are willing to say pretty much anything prosecutors want them to. Governments are fine with this.

As Zimbabwe's economy worsens, its government now insists residents start using easily-inflated local currency again. This is sowing the seed of another devastating episode of hyperinflation.

Profits are sales minus costs.

As it celebrates 70 years of the "People's Republic," China shouldn't forget its rise was made possible by its turn away from communism.

There are only two ways to solve environmental challenges: competition and technology. That requires capitalism, not the government.

MMT “is a mix of old and new, the old is correct and well understood, while the new is substantially wrong.”

Tucker Carlson insists that capitalism is just a "tool" that governments can regulate and manipulate so as to better serve "the people." In practice, this just means one group of "the people" uses government policy to enrich themselves at the expense of others.