Mises Wire

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.

Government corruption isn’t an anomaly. It is part of the system itself. We should expect government to be corrupt. Free markets are the antidote to this corruption.

A century after Ludwig von Mises exposed the fundamental weakness in the socialist economy, Jesús Huerta de Soto demonstrates why Mises was right and his detractors were wrong. In Friday Philosophy, Dr. David Gordon explains why Huerta de Soto is right.

The TSA stories, especially at Atlanta, are illustrations of interventionist non-intervention: non-delivery of promised, paid-for, and monopolized service.

Critics of capitalism claim that free markets funnel wealth unjustly to the top earners. Yet, as we observe the Cantillon Effects, we can see the role of Federal Reserve policies in enriching the few at the expense of the many.

If the US carries through its plans of “regime change” in Iran (which at this time is highly doubtful), look for an attempt to install its own “puppet” regime, a regime that no one can trust.