How Do We Define Socialism? By What It Does—and Does Not—Do
The reality of socialism is that it politicizes life entirely. How that is supposed to improve quality of life remains a mystery.
Mises Wire
Review: Free Market: The History of an Idea
Jacob Soll believes that a truly successful economy must embody at least some of the economic regulation developed by Jean-Baptiste Colbert, the French finance minister under Louis XIV.
The Fed Is Wrong to Make Policies Based upon the Phillips Curve
Adherents of the famous Phillips curve believe there is a permanent tradeoff between inflation and unemployment. This is mistaken.
Government Intervention into International Currency Exchange Rates: Japan as a Case Study
Most government intervention into currency exchange rates create more problems than they solve. Japan's lost decades are a prime example of what can happen.
Wages, Unemployment, and Inflation
There is only one way to improve the standard of living for the wage-earning masses: increased capital investment.
Powell’s Pivot to “Pain” but No Gain: Triggering the Coming Recession
The Fed is slowly increasing interest rates in the hopes that the economy will experience a "soft landing." However, there is no way to soften the blows about to fall on the economy.
Europeans Were Not the Only Slave Traders in Africa
While the current political narratives claim that only Europeans were involved in the infamous transatlantic slave trade, the Africans themselves were also major players in directing and overseeing it.
Molinari Explains the Difference between Monarchy and Popular Government
The rise of democracy blurred the lines between the regime and the people it exploits. This was less of a problem under monarchs, whose interests were clearly separate from the public's.
How the Fed Helped Create Another Calamity: The Ongoing Emerging Market Debt Crisis
The Fed's suppression of interest rates in the USA didn't just affect this nation's economy. It also drove investors to seek higher interest rates in questionable investments.
August’s Price Inflation Soared, and That Means Earnings Fell Yet Again
This is bad news for the administration, which has repeatedly attempted to downplay the relentless increases to the cost of living being inflicted on Americans after years of deficit spending, fueling inflationary monetary policy.
