Mises Wire

Zombie companies spawned by ultralow interest rates are not merely inefficient. They truly make us poorer.

In the nineteenth century, countless American cities and towns sanctioned local, self-funded, self-governing private militias that became an everyday part of the social fabric.

Syndicalism is direct violent action against the institutions of capitalism, such as security forces, and especially property owned by businesses. This approach is often adopted by Marxists, socialists, and fascists as a means of gaining power.

The West did not need resources from "Third World" colonies to attain economic development. In fact, colonialism was a result of the West's development, and not its cause.

The economic and social damage done by lockdowns in Germany has fallen largely on the young, especially as older workers hold most of the secure and lucrative government jobs.

America's unipolar moment is over, and it's time to exercise restraint rather than indulge in endless fantasies about regime change and American-led "global democracy."

Europe's path to long-term stagnation should serve as a reminder for the United States, again, of why it is not advisable to follow the eurozone policies. The results are invariably disastrous.

In a free market, goods pass to those who are willing to pay the most to get them. A legal system that allows people to bid against each another for the goods they want displays equal concern for its citizens.

Despite double-digit unemployment rates, banks are keeping loan-loss provisions low, no doubt assuming Uncle Sam will keep everyone’s boat afloat. But all good things come to an end.

As confidence in the dollar falls, Americans put more of their money in gold, silver, and cryptocurrencies. State governments can help this process along by deregulating sound money.