Mises Wire

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."

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.

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?

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." 

The federal government, along with pharmaceutical, alcohol, and tobacco companies have spent money trying to put the legalization genie back in the prohibition bottle, so any argument or propaganda will suit their purposes.

Ten states ban happy hour. These laws restrict the sale of alcohol at discounted prices during specially designated times. Unfortunately, many citizens regard these backdoor price controls as perfectly legit.