Mises Wire

Far from being a tool of "exploitation," industrialization and free trade are proven strategies to bring higher standards of living to the developing world.

Ludwig von Mises viewed sound money as a limit on government power and as "an instrument for the protection of civil liberties against despotic inroads on the part of governments. "

The most important insight of the Fed's move to increase its inflation target is this: central banks don't much like to follow "rules." They make the rules.

Advocates for looting are now claiming that looting doesn't really hurt anybody but evil corporations. In truth, looting is a disaster for many families, business owners, and the neighborhoods themselves.

The best way to think about tradition is to view it like capital accumulation. Knowledge is accumulated through countless centuries of trial and error. The state seeks to destroy historical consciousness and old ways of life to secure power.

Human beings make choices based on their own personal goals and values. There is no way to recreate these conditions in a laboratory experiment.

Although governments continue to insist "it's for the children," we should never go back to the dark ages of privacy before easy-to-use encryption. Nor should we allow a "back door" for governments to access our data.

The foundational assumption behind the gun control narrative is that only government law enforcement agencies should have guns and that we should trust police to keep us "safe." That narrative is failing.

A recurring theme among leftists in a world of scarce housing: Why should landlords be allowed to make a profit? It turns out there are many good reasons.

Those who advocate for a "weak dollar" to encourage trade with American firms show how little confidence there is in American industry. Meanwhile, cheapening the dollar punishes savers and ordinary workers.