Mises Wire

Hayek’s theory of knowledge cautions against grand designs based on the alleged expertise of a select class of people. 

Decades ago, the Chinese state began to accumulate gold merely as part of a makeshift backup plan. But it may have ended up with enough gold to make a real move away from fiat currency, which would be a disaster for its Western competitors.

The concept of "productive complements" shows us how capitalists have long sought to make as much use as they can of every part of the materials they use to make goods.

If the Chinese sell us stuff and then "hoard" the money we pay them, that increases the value of the dollars we continue to hold here in the US, while also leaving us with more stuff to sell elsewhere.

Economic disasters often lead to a rise in the number of people willing to work in the sex trades — which are staffed mainly by desperate people.

The current war against freedom of speech by the "experts" and state-sanctioned intellectuals ought to alarm everyone who values peace and freedom.

"Economic development" schemes, like those used to attract big corporate headquarters to one's city, are really just a type of governmental central planning.

CNN apparently imagines a First Amendment that grants special privileges only to wealthy and powerful media personalities working in Washington, DC.

The future of Venezuela is grim. International reserves will be depleted, monetary expansion will not pay the deficit, and inflation will continue.

Big social media companies enjoy government protections while leveraging their privileges to push political agendas.