Mises Wire

Even though freedom produces a better and wealthier society, people—and especially elites—have an aversion to it. Their fears, while rational, are also harmful to society.

With California’s government looking to pile onerous taxes on the state’s wealthiest citizens, it is time to understand that if state officials try to inflict financial harm on wealthy people, they should know that such schemes do not end well.

Hélène Landemore of Yale University believes she has a radical proposal to make democracy work. In this week’s Friday Philosophy, Dr. David Gordon reviews her book Politics without Politicians: The Case for Citizen Rule and concludes it isn’t radical enough.

When the Massachusetts colony issued its own unredeemable paper money in 1690, it was with the promise that it would soon be redeemable in specie. It was a lie.

We are told that the Bill of Rights is the bedrock of our freedom, yet this same Bill of Rights ultimately has been used as a weapon against self-determination.

Human action involves people engaging in unique events in which outcomes often are uncertain, when expertise and planning often do not give us the results we anticipate.

In a truly free market, there is no class conflict. In the presence of the state, however, things are different because various groups jockey with each other to gain the favor of state agents.

The rise of the grooming gangs in Great Britain and the refusal of Britain’s Labor government to intervene speaks volumes about the contempt that British political elites have for their laws and for ordinary people. 

If the Iranian regime were truly trying to sacrifice their entire country to commit a nation-level nuclear murder-suicide against Israel and the US, they would be acting very differently.

Jonathan Newman tackles the new “Federal Reserve Simulator” game in which players try to match wits against the Fed. As Newman found out, however, the same outcomes occur no matter what information one feeds the simulator. In short, it’s rigged.