Mises Wire

While Argentina president-elect Javier Milei plans to privatize state-owned enterprises, there is a right way and a wrong way to privatize these entities. Murray Rothbard and Hans-Hermann Hoppe show the way.

Paul Krugman has an easy answer for those that ask why people are pessimistic about the economy: the dastardly Republicans have fooled everyone. There are good reasons for the pessimism that we shouldn’t ignore, however.

Ezra Klein of the New York Times despairs of government’s impotence in building vast projects from energy grids to high-speed railways. He believes granting government absolute power is the answer.

Argentina was a rich country made poor by socialism. It needs to abandon socialism to become rich again.

While those that foisted the covid lockdowns and restrictions on the public are asking for “forgiveness,” Rand Paul is asking for the truth. Phil Duffy reviews Paul's book documenting governing elites' lies and cover-ups.

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.

One of the biggest and most pervasive myths in modern-day economics is the myth of the omnipotence of the Federal Reserve.

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.

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.