Mises Wire

Progressive governments in the name of equity are calling for taxation of capital gains. They really are demanding destruction of capital through capital consumption.

David Edmonds has made Derek Parfit’s ideas accessible to a wide audience at last.

Economically speaking, the US government is bankrupt even if the government won’t admit what is obvious. But how would an actual bankruptcy proceeding go?

Modern culture is biased against those that are rich even while depending upon the wealth that successful entrepreneurs have created.

Despite the soothing hot air from the White House and Fed officials, the financial system is becoming increasingly fragile and unstable. Maybe all of that intervention the past decade was not wise.

With negative growth now falling to near –10 percent, money-supply contraction is now the largest we've seen since the Great Depression. 

In 1948, Ludwig Erhardt rescued a German economy that was in shambles simply by invoking free markets and currency reform. Our economy needs its Rothbard moment.

Monetarists believe there is an optimum growth rate of money. However, a fiat money system itself is unstable, so there is no optimum growth rate.

Last week NATO announced that it will open its first-ever Asia office in Japan. What next, NATO membership for Taiwan?

A new bill being sold as an "immigration control" measure is really a vast expansion of the federal regulatory and surveillance state known as "E-Verify."  The potential for abuse is enormous.