Mises Wire

As the economy slowly deteriorates, consumer debt rises. In the meantime, the Fed is pushing up interest rates to deal with the inflation it caused. This does not end well.

Because California’s government has hamstrung electricity producers in the state, its legislature now wants EVs to be “bidirectional,” that is, to put power from their batteries back into the grid.

But what are we to make of the legacy of Peter the Great, Catherine the Great, and the Russian Empire in general? Certainly, we should not take our cues from the likes of either Volodymyr Zelensky or Vladimir Putin. 

Free trade has its enemies on the left and the right. However, despite the supposed “sophistication” of their antitrade arguments, when we break them down, those arguments really are sophistry.

The ruling classes have determined that crimes are political in nature. Thus, Donald Trump faces criminal charges while actual crimes by other presidents go uncharged and unpunished.

The state is held together by violence and nothing else. There is no such thing as "the social contract." But even violence cannot make a state last past its time, as we saw with the USSR.

While F.A. Hayek is known for his term “spontaneous order,” Mises saw institutional development as coming from growth in human understanding of things.

Marxists and leftist progressives have falsely tried to label anything associated with capitalism and free markets as "fascism." The same goes for political decentralization.

More than forty years ago, Aleksandr Solzhenitsyn urged his fellow Russians “not to live by lies.” In our politicized age, his words ring truer than ever.

Obamacare's forced electronic medical recordkeeping is denying patients the care they need.