Mises Wire

Government-run medical systems are always touted by political elites, who usually take advantage of private care themselves. It is time for everyone else to have access to the same system.

The Biden administration claims it wants to get out in front of the development of artificial intelligence. However, the likely scenario is that AI will leave government regulators in its wake.

Coal drove the development of a whole new way of cooking and a radically different diet. A menu based upon coal-fired food was the cuisine that accompanied industrialization. Food and fuel were intricately linked in a fossil fuel-burning age.

One of the cliches of the New Deal was that businesses were entitled to a “fair” profit. Leonard Read astutely pointed out that profits (and losses) have nothing to do with “fairness.”

For those who value self-determination, free markets, peace, and freedom, Napoleon provides little to be admired. He was a despot, a warmonger, a centralist, and a hypocrite who claimed to spread freedom to justify his own lust for conquest and power. 

While the United States has not fallen as far economically as Argentina, the fact is that the present economic policies are ruinous. We need someone like Javier Milei to speak the truth about what is happening.

Today, the Fed takes a short break from robbing us via inflation and, instead, delivers huge amounts of cash to banks to service Black Friday purchases. The large cash infusions often make banks vulnerable to robberies.

What lies behind the attempt to bypass fear of failure is the perceived lack of any substantial cost to failure. The illusion lasts only for so long before economic reality prevails.

Econometric models are constructed with the idea that they can be substituted for authentic human action. Not surprisingly, they fail badly.

Not only is Washington in political turmoil, but the policies emanating from the Beltway are more incoherent than ever.