Mises Wire

Italy’s problems are yet to descend into a Greek-style crisis, but that is the direction of travel. And Italy is far more serious than Greece because of its sheer size.

Consumer reviews demonstrate one of the important ways that the market itself provides people with more important information in making purchasing decisions.

The growing acceptance of "humanitarian" interventions works to remove national sovereignty as a bulwark against expansionist large states in the international order.

Those who are advocating for new interventions in Syria and Venezuela show little interest in confronting the real costs of intervention. They just want to say they "did something" even if those things will turn out to be disastrous.

Japan's Shinzo Abe has turned to Europe in hopes of stabilizing Japan's fiscal and and monetary situation. But Europe is a shaky foundation on which to build anything.

When we blame the euro for Europe's ills, we're letting politicians and central bankers — who have only ever viewed the euro as a stepping-stone toward their grand objectives — off the hook.

The socialists recognized the many material benefits offered by capitalism. Their mistake was thinking that total equality could be achieved as well.

The Hamiltonians foisted a central bank on the people of the United States at the first opportunity. But Thomas Paine wasn't fooled.

The "asset forfeiture" case now before the Supreme Court is unlikely to lead to any substantial limitations on state and local seizures of private property.

All economic and political systems involve competition over scarce resources. So it's wrong to say competition is the distinguishing characteristic of capitalism.