Mises Wire

In spite of repeated claims from the Federal Reserve that monetary policy is at least moderately restrictive, there is no sign of any slowing in money-supply growth.

The US is not the only country with an out-of-control central bank. Brazilians are feeling the pain from decades of irresponsible central bank and government decisions.

In today's Friday Philosophy, Dr. David Gordon revisits The Calculus of Consent by James Buchanan and Gordon Tullock, considered a "classic" by mainstream economists. Murray Rothbard, however, dissented loudly.

Egalitarian interpreters of the Declaration not only empower the centralized state but promote a view of “equality” that shares a common ethical error with slavery itself—that legal castes of humans may be created and enforced against the liberty of others.

Is sortition—rule by a randomly chosen group of lawmakers—better than democracy? Even when randomly chosen, policymakers can do just as much damage when in the service of the state. 

The history of Zimbabwe has been one of stolen property and missed opportunities. It is time to recognize the importance of private property rights.

Pope Leo’s recent encyclical on Artificial Intelligence makes some good points but also has weaknesses. Ulrich Fromy explains.

Despite attempts to whitewash its past, progressivism was a poisonous ideology from the beginning. One of its worst legacies is eugenics, which not only created social strife in the US, but also was exported to Germany, where the Nazis embraced it.

Not surprisingly, the present government is rapidly politicizing artificial intelligence. We don’t have to look far for disastrous results.

The covid lockdowns were useless for public health, but they vastly strengthened government’s stranglehold over our lives. We cannot allow this to happen again.