Mises Wire

Patrick Deneen not only misunderstands John Stuart Mill, but he also misunderstands libertarians, claiming they are elitists who believe the world should be ruled by experts.

As long as scarcity exists, there will be greed. Thank goodness free markets enable greedy people to serve others.

The Federal Trade Commission is heavily scrutinizing the proposed merger between Microsoft and Activision. Why? Because Sony is against it.

How can a bank “create money out of thin air”? We must enter the magical kingdom of “fractional-reserve banking,” where deposits are turned into loans, loans are turned into money, and so on, to find out.

One of the standard doctrines of mainstream economics is that the assumptions of a model do not have to reflect reality. Austrian economics vociferously disagrees.

What happens next will depend heavily on what the regime will feel is necessary to buoy public support for the regime and its current ruling party. 

As Washington cheers the so-called budget deal, the real problems loom. Liquidity issues are next.

Congress is silent – or compliant – as we lurch forward toward disaster for no discernable US strategic goal. Biden – or whoever is actually running the show – is forging straight ahead.

The State of California, unable to unionize fast food workers, now is trying to create workers councils that will set labor policies for fast food restaurants. This will not end well.

In today's progressive climate, sexual assault charges are easy to make and hard to refute, even when they are demonstrably false.