Mises Wire

For all the claims made by socialists that capitalism produces monopolies, socialists argue for one big monopoly to control everything: the state.

The California Energy Commission is mandating that starting in 2029, California drivers must purchase environmentally approved tires that are less safe than current tires. The results are predictable: higher costs for drivers and more fatal accidents.

No, covid was not the exception to the rule that liberty comes first. Just because the CDC insisted we give up our freedom for what turned out to be a false security did not justify the government’s heavy-handed approach, something that libertarians should have understood all along.

While the government tells us that inflation is down because the CPI says so, there is another metric that tells a different story: measurement by gold prices.

Trump showed how effective it can be to simply declare success and let supporters believe it. Other politicians are taking notes, even as the problems they all pretend to have addressed continue to grow.

With an election just six weeks away, we can count on the Federal Reserve to open the money spigots to bolster the economy. We will pay later—but we will pay.

Even if climate change were catastrophic and if technological and economic changes could mitigate or even reverse it, should we trust that task to governments?

The drive for military conscription has always depended upon the use of propaganda, since governments cannot make an honest and genuine case for the wars they start.

Shahin Karkhaneh reviews Cronyism: Rise of the Corporatist State, 1849–1929 by Patrick Newman and published by the Mises Institute. 

Mainstream economists believe that a market economy is by definition internally unstable. Austrians argue that the instability comes from outside intervention. Thus, Austrians can explain what is happening while others simply describe the events.