Mises Wire

Web comic Saturday Morning Breakfast Cereal explains how global financial markets w

Mises Daily Tuesday by Michel Accad:&nbsp

The Greek financial crisis is far from over, although the latest developments show how much the establishment players in the bailout want to move on to the-crisis-is-over-so-turn-your-attention-elsewhere mode.

Tate Fegely and Jeff Deist discuss what crime and punishme

1. Let’s Hope Machines Take Our Jobs: We

 Mark Thornton reviews the cases of Portugal and Washington state: have the fears of the prohibitionists been realized?

Steven Pinker is well known for his theory that violence (globally speaking) is now at lower levels than its every been, and that this is due to th

How the Communist Party of China Bubbles and Tries to Keep Them Afloat

Mises had diagnosed these problems long before they became apparent.  In a series of essays written between the two World Wars—but also in Omnipotent Government published in 1944—, Mises showed that in a world where governments interfere in their domestic markets, and with the monetary system, and where (economic) nationalism prevails, it is pointless to hope for any political and economic resolution from supranational organizations. The best these institutions can do is prolong the disastrous effects of government policies, and postpone—though loans and bailouts—their inevitable collapse.