Mises Wire

Biden has proposed a new $200 tax on rifles and magazines, with a $10,000 fine for noncompliance.  Registration involves filling out a thirteen-page form, with fingerprints and a photograph of yourself.

"Unwinding an illiberal government…the principle that should guide the process is: No special privilege, no trading of special privileges."

Walter Williams believed free markets provided the best way for humans—and especially people born on lower rungs of the economic ladder—to advance materially and in other ways, too.

Joe Biden thinks a centrally planned supply chain for healthcare supplies is necessary, because "We can no longer leave this to the private sector." There are many reasons why this is so very wrong. 

Central bank digital currencies need to be centralized and manipulable to some extent in order to use them to implement monetary policy, which is central bankers' goal. This characteristic makes them a very risky proposition.

Decentralized societies that value local customs, institutions, and governments are obstacles to the expansion of the regime's power. Not surprisingly, central governments do all they can to destroy this.

The 1920 article by Mises is as unknown today by graduate students in economics as it was in 1990, 1950, or 1930. But at least one man in the socialist camp admitted to the New York literati that Mises was right. 

Dr. Gary Schlarbaum, one of our generous supporters, has again offered to match all donations received through December 7. Help the Mises Institute be better in 2021!

Even when an economic bust appears, there may still be enough real savings in the economy to quickly put the economy back on track. This is what brings economic recovery, not artificial "stimulus."

No, “societal” value is not what you want or think is good, and “we” are not a homogenous entity of observable, aggregated preferences.