Mises Wire

Some claim that if socialists understood economics they wouldn't be socialists. This is doubtful since the larger motivation is often political control.

The Universal Basic Income (UBI) is a bad idea that just won't die. Time to throw it on the ash heap of bad policies.

While governments charge fees for just about everything, suddenly governments have decided that private fees are harmful. Illinois has been especially aggressive in trying to make certain transaction fees illegal, but the results are different than what politicians there anticipated.

It is one thing to understand socialism on an abstract basis but quite another to spend an extended amount of time in a socialist country, this one being the former USSR. The failures of socialism become obvious when seen on the ground.

Murray Rothbard realized the present system of punishment for committing crimes is both inadequate and unjust. We need to move to a system of restitution.

Despite opposition from the Trump administration and the backlash against its implementation, DEI still has not disappeared from our body politic. It takes on other names, but not other forms.

No matter how legitimate the reasons might seem for going to war, the results are always horrific, and wars rarely, if ever, accomplish their stated purposes.

The Federal Reserve claims that its policies are aimed a keeping prices stable. However, these policies actually undermine the economy and make it unstable.

After defeating the British in the American Revolution, Americans had the opportunity to set the country on a long path of freedom. They chose to empower government, instead.

When Vladimir Putin took power in Russia, the nation had a potentially bright future. Today, bogged down in war and its economy approaching Third World status, the future doesn’t look very good.