Mises Wire

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.

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.

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. 

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.

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." 

Opponents of markets claim that worker wages have not kept up with worker productivity. This incorrect claim is based on two mistakes in estimating wages. 

The Turkish regime understands that many Turks have fled the devalued lira by purchasing gold. It is working on several schemes to get people to turn in their gold.

The Fed is, effectively, a car driving at night, very fast, with no headlights. That is a real threat, probably to an unprecedented degree.