Mises Wire

Is “austerity” in the future for the US Government? Awash in debt and facing economic crises, the government may have to go on a diet, something neither Congress nor the president want to do.

The leftists destroying and defacing Teslas to protest Elon Musk’s foray into American politics provide the latest example of the American far-left being easily co-opted into playing directly into the hands of the political establishment.

The presidency—by which I mean the executive state—is the sum total of American tyranny. A world with any superpower at all is a world where no freedoms are safe.

Market participants will need more than rate cuts. We need to see real rates falling, inflation under control, and the deficit slashed. 

The history of the rise of the state is a history replete with efforts by national states to replace private-sector money with state-controlled money.

Trump continually campaigned on the promise to cut spending, but the budget proposal he supports was much higher than that of President Obama.

Portugal's Estado Novo regime under António de Oliveira Salazar was lauded by some classical liberals for allegedly saving the nation from socialism. However, as Paulo Ferreira writes, for all practical purposes it was a socialist government.

The Fourtheenth Amendment has been used in divisive ways, giving the lie to its claim of “equal protection” under the law. We can have equality under the law, or we can have what is becoming a race-based spoils system. We cannot have both.

Law-and-order conservatives who hang on every word from any black-robed deity called a “ federal judge,” are aiding and abetting the destruction of American freedom.

Some economists fear that excessive government debt will lead to an economic crisis and recession. However, the real threat to the economy is Federal Reserve-supported fractional reserve lending that helps to set off an unsustainable boom.