Mises Wire

Do governments make “rational” decisions involving interaction with other governments? As David Gordon points out, rationality involves individual decision-making, not collective action.

While Austria is not the free-market republic Ludwig von Mises hoped it would be, the country has made many steps in the right direction, freeing markets and protecting private property.

Protectionists are no better than any run-of-the-mill Progressive who wants more taxes on one group in order to subsidize some other group. There's no moral high ground here for the protectionists, just unfounded self-righteousness.

According to mainstream economists, the expectation of inflation leads to higher prices. That is impossible, however, because actual inflation involves real increases in the money supply.

Be a part of the 20th annual Austrian Student Scholars Conference, Feb. 16-17, 2024. Hear keynote lectures from Drs. Sandy and Peter Klein. Compete for cash prizes of $1,500, $1,000 and $500 for the top three papers delivered at the conference. Receive enlightening comments on your scholarship and give the same to others. We hope to see you there.

Get ready to see George W. Bush, Michelle Obama, Mitch McConnell, and Hillary Clinton all mourn together at Kissinger's funeral as they hail one of the regime's most devoted apologists. 

In The Wizard of Oz, Dorothy and her friends had to worry about wild animals and wicked witches. Today, Americans face a much more formidable foe: their own free-spending government.

Sen. Elizabeth Warren is at it again: demanding government intervention in the nation's healthcare system to deal with problems caused by earlier government intervention.

With US government debt skyrocketing past $33 trillion and possible recession looming, the Treasury faces the prospect of running out of suckers. Finding buyers for US debt will become much more difficult.

The concept of the state has more to do with the worldview of ancient Greek philosophers than with the Roman Empire. We could learn a few things about statelessness from the Romans.