Mises Wire

The island nation of Jamaica has beautiful beaches but a problem with poverty. Jamaica needs capital and free markets, not more state control of the economy.

For a long time, banks have sought to keep construction loans “on the books” to collect more interest payments. With a recession looming, these long loans are likely to become delinquent.

When an economy suffers a recession, some factors of production, such as labor, become unemployed. Keynesians believe that expanding credit and fiat money will bring back full employment. That's not how an economy works.

While Western attention is on the Israel-Hamas conflict, war quietly rages in Yemen with predictable destruction. Not surprisingly, US interventionism is fueling this fight.

In the 1800s, Anglo-Americans took advantage of a de facto open border between Mexico and the United States. Illegal American immigrants streamed into Mexico's northern regions and became the new majority.

American political and economic elites insist that they should have authority over everyone else. As people rebel, the elites are only doubling down on their original demands.

While economics textbooks are weak on causes of the Great Depression, American history texts are even worse. It's time for some truth telling.

The movie Wonka is unwittingly a lesson in the dangers of crony capitalism. Willy Wonka, however, beats the odds by being a Misesian entrepreneur.

While the Secret Service is best known as the guys in sunglasses protecting the president of the United States, the SS actually was created to enforce the fiat money regime during the Lincoln administration.

Despite higher rents, investment in new apartments is a losing proposition, thanks to the Federal Reserve.