Mises Wire

Michael Huemer takes on wokeness and other progressive shibboleths—and he wins with an easy takedown.

Modern Monetary Theory is a perfect example of, “Do as I say, not as you do,” rather than, “Do as I say, not as I do.” MMT rightly points out some hypocrisy, but wants to replace it with more hypocrisy.

Ryan McMaken and economist Per Bylund discuss the nature of money in our paper-money world. Are Bitcoin and gold money? If not, how do they become money?  

In the United States, as in Europe, the advent of national citizenship (as opposed to local citizenship) has mirrored and fueled the growth and centralization of state power overall.

As the Trump administration makes real cuts to federal programs, suddenly the opponents of “waste, fraud, and abuse” are discovering that Trump and Elon Musk are serious about slashing spending. Not surprisingly, the Usual Suspects don't like the cuts.

Hans Hoppe recently criticized Argentina‘s President Javier Milei for not closing the country‘s inflationary central bank. In response, Milei claimed that doing so would result in hyperinflation. Given the central bank prints lots of pesos, shutting it obviously would decrease inflation.

Following last week‘s air crash in Washington, the FAA is receiving extra scrutiny. The real problem with the FAA, however, is that it is a political entity, which means that political goals will determine its capital structure and hiring practices.

The foreign aid bureaucrats at the United Nations, heavily funded by US taxpayers, live lavishly at US taxpayer expense.

I have long been puzzled by the haste and of the conservative-interventionists’ desire for a showdown. Why do all of them implicitly believe that time is on the side of communism?

The media and political outcry that came when President Trump temporarily froze USAID and some domestic funding revealed how the political establishment uses the plight of the most vulnerable people to keep their rigged political system in place.