Mises Wire

The passage of an income tax in the early twentieth century was an enormous shift toward a far more centralized and powerful US state.

Justice Oliver Wendell Holmes famously claimed that taxes were the price people paid for civilized society. The problem is that taxes themselves are antisocial.

Not only does the Great Reset promise us better weather and happiness (while owning nothing), it also promises to transform humanity itself. Some of us are not so sure.

If the dollar does lose its position as the global reserve currency, it will be catastrophic for the American economy.

Although equality and "equity" are modern buzzwords, the only way to reach such a social nirvana is through violent means. Do we really want to go there?

Despite all of the supposed safeguards to prevent bank failures, banks still fail. Perhaps the so-called safeguards are causing much of the trouble.

What does a young man just out of high school face in our woke, politicized society?

To normal people the idea of peace breaking out in the Middle East is a wonderful thing. But Washington is anything but normal.

Even when currency is backed by gold, governments have many political reasons to pursue national, territorial currencies. Now there are hundreds of national currencies. It didn't have to be this way. 

The government wants to make gas cars a lot more expensive. But electric vehicles are so expensive in the longer term that gas cars still look like a better deal.