Mises Wire

The success of Japan after WWII was due entirely to low taxes, an appreciating currency, and a very high personal savings rate. That all changed when the bubble was born in the late 1980s.

Some of the government authoritarians in Ottawa and DC may think they have the upper hand at the moment. As usual, government authoritarians are very shortsighted.

Canada is now freezing the assets of people who dare to protest government power. When the government controls the money and the financial system, human rights mean very little.

Sticking to Cold War–era assumptions is a recipe for a suboptimal foreign policy, which could increase the probability of the US stumbling into a disastrous war of choice.

Russia and China may share an interest in countering US hegemony, but the two states also must deal with many sources of conflict, from trade blocs to border wars. 

A myth endures that Hitler supported private property and that a Nazi-capitalist alliance existed. In reality, the "capitalism" that existed under National Socialism had nothing to do with private property.

The United States is not now—and has never been—in any position to lecture other countries about the moral evils of aggressive foreign policy.

From economic power to demographics to military spending, Russia simply doesn't have the ability to be a great power that threatens anyone outside its "near abroad." 

Central banks are going to receive fierce (and well-deserved) criticism, whatever they do. Pick your poison: inflation or bankruptcy.

Mainstream academic economists believe that we advance economics by "testing" theories. Austrian economists believe economics is about understanding human action and does not have to be subjected to constant tests.