Mises Wire

As the Iran war and other events challenge US hegemony around the world, reality is forcing Americans to rethink what they once took for granted.

Rainer Zitelmann, the erstwhile defender of capitalism, takes his defense out of this world as he examines capitalism and space travel. Lipton Matthews, in this review of New Space Capitalism, gives it a thumbs up.

The drama continues in college sports—not on the field, but in the courtrooms—thanks to judges applying antitrust law that does not permit the NCAA to be able to enforce its own rules.

During July, year-over-year growth in the money supply was at 8.62 percent. That's the largest growth rate in nearly five years. 

Modern civil rights laws and policies have made a large number of people better off. However, the beneficiaries are not the people that the civil rights establishment claims to be helping. No one understands this better than the great economist, Thomas Sowell.

Treasury Secretary Bessent recently claimed that the truly ruinous national debt really isn’t a problem because we will “grow” our way out of it. That is highly unlikely.

When government regulates or produces electricity, it claims to act in the name of conservation, or preventing “profligacy” by customers. Yet, only free markets can decide what is “profligate” and what is not.

The interference of US sanctions against Cuba are also interfering with airline schedules and are damaging the airline industry.

One of the problems of defending private property rights is that opponents wish to muddy the waters by constantly shifting the ground on defining private property in the first place. These are diversionary tactics, not an attempt to promote serious arguments.

Monetary authorities are wanting to remove currency and coin from the economy altogether and just have electronic transfers. That would be a mistake that would damage the free market.