Mises Wire

President Biden's recent student loan forgiveness initiative only exacerbates the real problem: the cost of a college education, thanks to government intervention, is outrageously high.

Barack Obama promised to "end child hunger" by 2015. Michelle Obama promised to end childhood obesity. Unfortunately, both increased in large part because of the Obama programs. Today, President Biden will declare war on "hunger in America." Stay tuned.

Fortunately, the world is composed of many separate states, which enables "disobedient" residents in one state to escape to others, and fleeing conscription is merely an act of self-defense.

Standard economic theory states that as an economy grows, the money supply should grow with it. Appealing to the Austrian tradition, Frank Shostak shows that belief is mistaken.

The European elites that imposed disastrous covid-19 restrictions, along with "green energy" regimes and sanctions against Russia are now seeing the results of their policies.

Economics is based on human action as purposeful behavior. This means when people act, they try to achieve something. It does not mean that they are always accurate or do the “right thing."

While people from poor countries seek to live in places like the USA because of its stable institutions and welfare state, could migration of people from stable countries to less-developed ones make those countries better off?

Conservatives have missed the point that it is not students particularly that are at fault for the student loan crises, but the entire bureaucratic economic-political system.

The right of self-determination is the right of the inhabitants of every territory to decide on the state to which they wish to belong.

Per Bylund has written a book on economics that is understandable to the layperson as well as presents economics the way it should be done: a science grounded in understanding human action.