Mises Wire

James Bovard recently ventured near Washington’s Reflecting Pool and reports on the current madness involving the algae problem and Trump’s efforts to have it cleaned—along with extra security.

Long before modern economics, the Greek philosophers were laying the groundwork for understanding human cooperation in a social setting, helping to give birth to economic thinking.

The Fed Chair’s job isn’t to stabilize the economy. It’s to use prestige, technical jargon, and mind-numbing dullness to cover for the central bank’s expropriation of the American people. And Alan Greenspan excelled at that.

To help mark the passing of former Federal Reserve Chairman Alan Greenspan, we run this 2001 piece from Dr. Joseph Salerno, who understood the Greenspan fraud long before "The Maestro" tanked the US economy by setting off the Housing Bubble.

As AI develops, some people are getting the wrong idea and want to assign moral rights to chatbots and other AI products.

Modern historians rarely have told the truth about the history of capitalism, and especially in the early days of the Industrial Revolution. It is time to set the record straight.

As Ryan McMaken recently pointed out, the original constitutional republic created in 1787 no longer exists. Joseph Solis-Mullen asked if the US is now in its Sixth Republic.

The velocity of money doesn’t have a life of its own. It is not an independent entity and, hence, it can’t cause anything. Contrary to popular thinking, money does not circulate. Money always belongs to somebody.

Progressive elites insist that we “trust our government” when they are in control, but why should we? In fact, we should no more trust government than Charlie Brown should have trusted Lucy to hold the football.

For many years, some economists and politicians have painted income equality as a major threat to our economy and well-being. As usual, they understand neither inequality nor economics.