Mises Wire

As Newsweek noted last week, Russian television pundits are joking that with the financial windfall Russia has seen since sanctions were imposed, “Biden is of course our agent.”

The myth that won't die is that Nazi Germany was a fully functioning free-market economy. In truth, it was effectively as socialist as its supposed rival, the USSR.

Since the 1940s, failed statist schemes have dragged Argentina into poverty. Javier Milei, who is gaining popularity there, hopes to change his nation's sad history.

The end of Roe may force many Americans to recognize that the United States is not one place. It is many places. The key is to reject uniform federal policy. 

The relative lack of inflation in Japan doesn't mean real wages haven't fallen.

After suppressing interest rates and creating asset bubbles for more than two decades, the Fed is now juicing up interest rates—and wrecking the economy.

Congress enjoys exorbitant political privilege in the form of cheap deficit spending—but it may soon come to an end.

Legal systems matter, and common law better serves a free society than statutory law, with its emphasis upon legal positivism.

Tightening the interest rate hurts both bubble and solid businesses. The Fed should just focus on reducing the money supply.

Many think cancel culture is an odd particularity of the Anglosphere. Unfortunately, it raised its ugly head at this year's Austrian Economics Meeting Europe held in Lithuania.