Mises Wire

As fear that robots and artificial intelligence will take over whole lines of work, it is time to examine the real relationship between capital and the rest of us.

Progressives are quick to blame escalating healthcare costs on free markets, yet it's government rules and policies that are responsible.

Mainstream economists claim that data alone can explain economic actions. Austrians know that without theory, data explains nothing.

The jobs data is worse than the latest headlines suggest, and workers are staring at falling real wages, declining savings, and mounting debt. We can thank the Fed. 

While personal autonomy is a major topic of conversation, for Rothbard the most important thing is liberty, and liberty and automony are not always the same.

The Soviet regime relentlessly expanded the money supply. To prevent inflation, the regime then created shortages through price controls and economic stagnation. 

Among Mises's contributions was his doctrine of consumer sovereignty in a free market.

The US Supreme Court has heard arguments for and against affirmative action in higher education admissions. Government needs to get out of the racial discrimination business altogether.

Pakistan, like so many other countries, is seeing inflation close to spiraling out of control. As for finding causes, monetary authorities should look in the mirror.

When communism fell with the USSR, Murray Rothbard realized that the greater threat to liberty was social democracy. Events of the past few years have proven him correct.