Mises Wire

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What happens when historical fiction becomes a more accurate portrayal than the version of history given by mainstream historians?

President Trump’s plan to “rebuild” Ukraine following the destruction from warfare with Russia is a combination of Keynesianism and crony capitalism.

Critics of the Austrian Business Cycle Theory claim that capital investors over time will no longer be fooled by artificially-low interest rates triggered by central banks. However, when central banks push easy money policies, the inflation itself sets the ABCT pattern in motion.

The modern state doesn’t get its power from the consent of the governed. Instead, it creates crises and then uses coercion to demand obedience.

While Brazil calls itself a constitutional democracy that has a market economy, private property and markets themselves are subject to conditions set by the government itself.

Understanding history is not about understanding formulas or narratives. Instead, we must understand the people who made history, their motives, and their goals.

Modern political economy is based upon a Machiavellian belief in might makes right. Yet, political power cannot accomplish what free markets and private property rights have done in lifting billions of people out of poverty.

Economist Robert Barro has questioned the necessity of fighting a war in this country to end slavery. In this week's Friday Philosophy, Dr. David Gordon looks at Barro's reasoning and finds it sound.

Superficial reading of some early texts in Acts seem to suggest the ideal of Christian communal property ownership, or communism, rather than private property, but this is mistaken and the evidence is within Acts itself.