Mises Wire

Congress tells the Fed to maximize employment and also have low inflation. But in reality the Fed usually chooses to ignore inflation and instead "stimulate" employment with inflation.  

An enduring progressive myth is that thanks to Western technologies and compassionate NGOs, American agricultural scientists saved the developing world via the Green Revolution. Not surprisingly, the truth is found elsewhere.

Jordan Peterson has linked identity politics to socialism. Instead, socialism is about empowering the state.

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 academic and political buzzword today is "decolonialization," but what happens when good laws are discarded on the flimsy basis that they were established during a colonial era?

The reality of socialism is that it politicizes life entirely. How that is supposed to improve quality of life remains a mystery.

Adherents of the famous Phillips curve believe there is a permanent tradeoff between inflation and unemployment. This is mistaken.

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.

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. 

There is only one way to improve the standard of living for the wage-earning masses: increased capital investment.