Mises Wire

In a world characterized by genuine uncertainty rather than mechanical predictability, analytic reasoning provides a form of epistemic certainty that empirical observation alone cannot secure.

To call Trump’s actions king-like is to greatly understate the problem. What we actually face is a massive, self-amplifying executive branch that makes deranged presidents far more dangerous than an actual king could ever be.

Marx built part of his system on the belief that capital would create the “great reserve army of the unemployed,” and modern Marxists have made the same claim about AI. However, we are seeing AI actually enhance the value of labor, not diminish it.

Paul Schroeder (1927–2020) was generally regarded as the greatest American diplomatic historian specializing in Europe: The Transformation of European Politics, 1763–1848.

People claim to support economic intervention because the market cannot be trusted to be “stable” enough to keep the economy out of recessions. However, it is government itself, not the free market, which creates the instability in the first place.

Easterly questions if economic development is really development unless all parties have the right and opportunity to consent voluntarily in their own decisions

As government lurches from one crisis to another, people demand the government fix the problems it causes. Maybe we need to rethink the “government to the rescue” myth.

When protesters began tearing down Confederate statues and markers in the summer of 2020, Walter Williams objected to what he called “statucide.” Such antics, he argued, would serve no purpose in advancing the best interests of black Americans.

Government debt is junk investment, but the markets treat it as gold. That is because government greases the skids, keeping its paper from the market discipline that private investments experience.

America’s industrial revolution didn’t just happen. It came about because of the free market initiatives that came from the Andrew Jackson presidency.