Mises Wire

A libertarian view of the law by definition means that there can be no immunity from legal consequences. Anything else perverts the very meaning of law.

The current political polarization in the USA is not a "threat" to "our democracy." Instead, democracy as we know it is the prime reason for the polarization.

Moscow has used naturalization and immigration to effect demographic change and encourage conflict between ethnic groups in neighboring states. It has proven to be an effective foreign policy tool.

Among the states that performed the best during the pandemic were lockdown-light states like Utah and Florida. Among the states with the worst outcomes were lockdown-heavy California, New Mexico, New Jersey, and New York. 

The standard line with progressives is that unless government controls medical care, prices will skyrocket. But what if the free market model costs less than government-directed care?

The "experts" solemnly tell us that deflation is even worse than inflation, and that deflation always will lead an economy into recession. The truth turns such "wisdom" upside down.

To no one's surprise, governments that interfere with their economies at every turn are at war with each other. Perhaps there is another path to peace.

We are told that economic growth goes along with liberal democracy. But social institutions play an important role that transcends the political order.

Is it too much to hope that the current inflation will "burn out" via similar mechanisms that have reined in inflation in the past?

Money printing may bring rising wages, but it also brings rising prices for goods and services. And those increases are outpacing the wage increases.