Mises Wire

The fact that various electronic money transfers are taking place does not mean that we do not require cash any longer. On the contrary, the fact that the cash exists enables those transfers to take place.

Mexico is not hindered by capitalism run amok, but by state actors, whether they be ignorant or malicious. The state will not save the Mexican economy. Real market freedom will.

Inequality can exist and grow even if everyone is becoming better off—but some are becoming more better off than others. Should we care about this kind of inequality? 

A "good" education consists of learning how to spot "trick questions" that lead us astray from clear thinking. We often see that every "free lunch" offered by politicians involves at least one trick question.

Combined with the US military’s turn toward “woke” politics, this latest episode around vaccine mandates will further help to undermine support for military institutions among conservatives and Republicans. 

Contrary to popular thinking, there is no such thing as a price level that should be stabilized by the central bank in order to promote economic prosperity.

Homicide rose at a remarkably fast rate in 2020. This may be a sign that the public is losing faith in the legitimacy of the regime. We see this from doubts about elections to outrage over riots and police abuse.

"No one, including Andrew Jackson, had ever explicitly argued before [Lincoln] that the Constitution authorized or obligated full-scale invasion and coercive measures."

Will guilt or innocence in criminal trials increasingly hinge on broader desirable social justice outcomes?

Immense damage has been done to economic theory by the error of believing the "labor theory of value." Our work is not what gives value to goods and services. It's the other way around.