Mises Wire

As socialists gain increasing power in this country, their first target is private property. We need to push back against this wave of legalized theft.

In this week’s Friday Philosophy, Dr. David Gordon reviews Cronyism: Rise of the Corporate State 1849–1929 by Patrick Newman.

Modern mass democracy, especially when coupled with bureaucracy, creates uniquely powerful incentives for the production, consumption, and institutionalization of unreality.

More than a decade ago, Zimbabwe became synonymous with hyperinflation. While that era has mercifully passed, the nation’s central bank still is following inflationary policies.

Some claim that if socialists understood economics they wouldn't be socialists. This is doubtful since the larger motivation is often political control.

The Universal Basic Income (UBI) is a bad idea that just won't die. Time to throw it on the ash heap of bad policies.

While governments charge fees for just about everything, suddenly governments have decided that private fees are harmful. Illinois has been especially aggressive in trying to make certain transaction fees illegal, but the results are different than what politicians there anticipated.

It is one thing to understand socialism on an abstract basis but quite another to spend an extended amount of time in a socialist country, this one being the former USSR. The failures of socialism become obvious when seen on the ground.

Murray Rothbard realized the present system of punishment for committing crimes is both inadequate and unjust. We need to move to a system of restitution.

Despite opposition from the Trump administration and the backlash against its implementation, DEI still has not disappeared from our body politic. It takes on other names, but not other forms.