A Peaceful International Order Needs Free Markets
The recent declaration of the G7 sounds more like "we want to rule the world" than "we want peace." Other nations are tired of the West's phony Rules Based Order.
Mises Wire
How US States Could Pave the Way for Currency Competition
The fiat US dollar, while still the world's "reserve" currency, is being imperiled by reckless actions by monetary authorities. Other countries are taking notice—and action.
Much of the World’s Oil Is Owned by Governments. There’s No Good Reason for This.
How do we view government ownership of natural resources? Can a homesteading case be made for it? Usually not.
The Trouble with the Constitution and the “Social Contract”
If my repeated insistence that I do not consent is insufficient to indicate my lack of consent, then what kind of crazy moral system is this?
Housing Prices Are Falling As Reality Sinks In
Rental prices are falling as the markets adjust to new realities. The Austrian business cycle theory explains why this is happening.
Producers, Not Consumers, Are the Engine of Economic Growth
The Keynesian prescription for an economic downturn is for government to increase spending to improve so-called aggregate demand. In reality, this is a recipe for worsening the recession.
Do Boycotts Really Work? Another Look at the Bud Light Situation
Some conservatives are upset because the new best-selling beer is owned by the same company that owns the beleaguered Bud Lite. Actually, they should have no problem with that.
The MMT-and-Bailey Fallacy
The latest rage in macroceonomics is modern monetary theory, whose adherents invariably resort to the motte-and-bailey fallacy. Advocating inflation is never a good idea.
Daniel Ellsberg Was Right. So Are Assange and Snowden.
Today's pundits have created the myth that Ellsberg was a "good" leaker and Assange et al. are "bad" leakers. It's a myth designed to portray modern-day heroic whistleblowers as "traitors."
Radical Decentralization Was the Key to the West’s Rise to Wealth and Freedom
"The first condition for the maximization of economic efficiency is the liberation of civil society with respect to the state. . . . The expansion of capitalism owes its origins and raison d’être to political anarchy."
