Mises Wire

Standard beliefs say that government protects our natural environment while the market system destroys it. Economic analysis gives a much different perspective.

The agriculture industry is largely running as a planned economy. When the power to make decisions is delegated to bureaucrats rather than to those impacted, mismanagement is a given.

No matter the historical era, governments have excelled at one thing: debasing their own currency. Rome was no exception, as Roman government excesses required inflation—lots of inflation.

The scientific method requires free and open dissent from any scientific hypothesis. Yet JAMA is requesting that medical boards become a new Inquisition to root out heresy and apostasy from CDC doctrines.

The scale of the sanctions which Washington has imposed on Russia (and Russians) should not distract us from a crucial fact. What Washington is doing against Moscow is not rare. It is something that happens every day. 

Europe would have been immeasurably better off had its regimes chosen compromise instead of "countering aggression" in 1914. Sometimes this lesson is heeded, as when the US refused to intervene in 1956 and 1968. 

It has been more than fifty years since Egyptian strongman Gamal Abdel Nasser died, but his unfortunate legacy of imposing socialism on Egypt still harms the nation and its economy.

A funny thing has happened on the way to accepting the standard ruling-class narrative on the war in Ukraine: inconvenient and unpleasant facts about the region and its recent history.

While government officials and politicians denounce high drug prices, they have created monopoly privileges for drug firms, thus ensuring higher-than-competitive prices for pharmaceuticals.

Popular commentators and politicians often express loud opinions about exchange rates and balance of payments. As Dr. Frank Shostak writes, the facts differ widely from popular perception.