Mises Wire

One of the great fictions of US history is that the USA's foreign policy was based on noninterventionism until the nation was forced to enter World War II.

Progressive governments in the name of equity are calling for taxation of capital gains. They really are demanding destruction of capital through capital consumption.

April was yet another month of declining real wages, and was the twenty-fifth month in a row during which growth in average hourly earnings failed to keep up with price inflation.

Economically speaking, the US government is bankrupt even if the government won’t admit what is obvious. But how would an actual bankruptcy proceeding go?

David Edmonds has made Derek Parfit’s ideas accessible to a wide audience at last.

Modern culture is biased against those that are rich even while depending upon the wealth that successful entrepreneurs have created.

Despite the soothing hot air from the White House and Fed officials, the financial system is becoming increasingly fragile and unstable. Maybe all of that intervention the past decade was not wise.

With negative growth now falling to near –10 percent, money-supply contraction is now the largest we've seen since the Great Depression. 

In 1948, Ludwig Erhardt rescued a German economy that was in shambles simply by invoking free markets and currency reform. Our economy needs its Rothbard moment.

Monetarists believe there is an optimum growth rate of money. However, a fiat money system itself is unstable, so there is no optimum growth rate.