Mises Wire

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.

We are told that Americans live under a state that claims “consent of the governed,” but when does the government seek our consent for anything?

After many years of ruinous socialist rule, Zimbabwe desperately needs to rediscover private property rights in order to become prosperous.

While Americans are tempted to see the Chinese economy as something akin to China, Inc., the reality is different. The Chinese government has not found a way to make socialism and interventionism work, no matter what myths might prevail.

The US economy these days seems to have a distinctive “K” shape, with asset owners riding the upward slope and everyone else the downward slope. But, while true, the reason for this situation is not what the ruling classes are claiming. The Austrians have the better explanation.