Mises Wire

“Rather than try to create a universe like Facebook, I said, ‘Why don’t we go in and buy the parcels of land in these metaverses, and then we can become the landlords?’”

I was astounded at how many despots the World Bank was propping up. Bankrolling tyrants is the equivalent of a Fugitive Slave Act for an entire nation, preventing a mass escape of political victims.

The US and NATO must do as little as possible to contribute to the conflict in Ukraine. This especially includes continuing to arm Ukraine and insisting that it has a future in NATO.

Regulatory powers have enabled government agencies to push vaccine mandates in new ways. But the welfare state also offers many ways to "encourage" compliance from nearly everyone. 

I don't know how much vaccine mandates have played a role in the massive exodus from the workforce, but I do know it's important to consider the possibility that the two are correlated. 

During November, average hourly earnings increased 4.8 percent, year over year. But with inflation at 6.9 percent, earnings aren’t keeping up. Meanwhile, the Fed will do little for fear of spooking Wall Street.

A lot of economic policy is based on "economics" which makes assumptions that have very little to do with actual reality.

Turgot understood primitive modes of social organization are able to support much smaller numbers of people. If population increased, an egalitarian primitive society would be unable to cope with the added burden.

The benefits of decentralization don't stop at the state level. State governments themselves must be broken up into decentralized confederations that allow for local vetoes, local sovereignty, and regional autonomy.

Easy-money advocates who look to Japan as the model have not understood the fundamental reasons why inflation in Japan remained feeble during three decades of dismal economic performance.