Mises Wire

To the extent that Cass Sunstein's "nudge" policy relies on behavioral economics, it relies upon a fallacy.

Many scholars employ excessively narrow notions of homesteading which wrongly suggest that virtually all Indian hunting grounds and food sources were "unowned."  

China is a rapidly aging, inefficient, conflict-ridden, and relatively poor country that simply is not on the road to seriously challenging the US’s hegemony.

Trump shares some of the blame. He wanted to get out years ago, but never had the courage to stand up to the incompetent generals and “experts” he foolishly hired to advise him.

Central banks are faced with the devil’s alternative created by their own policy. Either let inflation run and create a stagflation problem or scare the markets by tapering. 

While bankruptcy has a negative connotation in the business world, “Bankruptcy fulfills the crucially important social function of preserving the available stock of capital."

A few months ago US national debt exceeded $28 trillion. This number is certainly the one economists usually work with, but does this figure capture a long-term perspective?

Bassani's book reveals that the drive for decentralized government was far from being a reactionary, postratification political strategy. It was the very cornerstone of the American political system.

Many landlords just received a crash course about how irrelevant their property rights are in Washington.

A case study from Mauritius shows how democratic institutions are used to prevent true independence for oppressed classes and minorities under the guise of "representation" and "equality."