Mises Wire

While F.A. Hayek's famous 1945 essay effectively critiques the "perfect information" hypothesis, it is an inadequate explanation of the issue of economic calculation.

In 2023, self-employment has collapsed again with year-over-year self-employment growth dropping by 6.5 percent. That's the largest drop since December 2007, when the Great Recession officially began. 

People commonly believe that a society without central political authority will dissolve into chaos. But a small kingdom within Spain existed peacefully for seven hundred years under what we would call anarchy.

Political cronyism and legal plunder are especially visible in the alliances between pharmaceutical corporations, the banking industry, “tech” companies, and the state.

Fractional reserve banking by itself undermines both the banking system and the economy. No action by the Federal Reserve can eliminate the threats.

The classical liberal economist Edmund Phelps wants government to aid poor people, but he clearly is not an egalitarian. His philosophy would be unacceptable to today's "woke" egalitarians.

Just in case you wrongly thought sanctions had anything to do with national security: Biden wants to sanction the people of a small African country over anti-LGBT laws. 

Much of critical race theory and “antiracism” is aimed at pulling people apart, not bringing them together. To oppose such theories and practices is not racist in itself.

A free society depends on certain principles, and Western thinkers—including many "dead white males"—played a major role in their development.

Contrary to the still-enduring myth about Republican budget cutting, there is no correlation whatsoever between Republican control of DC and the trajectory of federal spending.