Mises Wire

The latest release of Epstein files again highlighted how disgusted and frustrated people have grown with the current elites. Yet they remain essentially untouchable. Why? 

A bad end is most likely though even in the best case scenario of AI increasing living standards. The build-up of asset inflation malinvestment and overleveraging will impose huge costs.

Although Adam Smith is well-known for emphasizing division of labor, his analysis was woefully incomplete, as Dr. Mark Thornton points out.

In most nations of any size, sectionalism is almost inevitable. How nations handle such divisions, historian Frank L. Owsley, determines if sectionalism is peaceful or becomes violent. It became violent in the US in 1861.

There is no reason to be surprised by the total lack of commitment to any ideological standards. Nor is there any reason to expect anything better. That's just how American politics works.

One of the Austrian arguments against using mathematics to model economic phenomena is that there are no constants in economics, as things always are changing.

Thanks to the Federal Reserve, the US government will always have enough printed money to fund its tyrannical schemes.

Economic historians usually are mistaken when looking at the causes of the Panic of 1857. Douglas E. French sets the record straight.

Will the Make America Healthy Again (MAHA) succeed? If the regulatory story of DDT is a prime example of government regulation in action, then the answer is a resounding no.

Politicians and the media always express shock when they hear about the latest fraudulent schemes involving the welfare system. They shouldn't be surprised, as nothing incentivizes fraud like the welfare state.