Mises Wire

There are some reasons to be optimistic about the future of free market money. On the other hand, the world's governments will fight true currency competition every step of the way.

It's a good thing when politicians recognize that there are people out there who are less fortunate than the political class. But this empathy only does anyone any good if policymakers refrain from socialistic government schemes that make poverty worse.

It doesn't take an immense amount of insight to see the relevance of Tocqueville's central concern to our situation today. What are the so-called Twitter mobs if not the "tyranny of the majority" at work?

The COVID panic gave the world's regimes a new reason to claim that physical cash should be outlawed. But this is just one of many strategies now in play to end the relative privacy and freedom cash provides.

Thomas Sowell has a gift for explaining how markets are simply the result of human beings making free choices. There is no single market answer to a problem. There are countless answers.

Since 1988 I’ve been fascinated with Hans-Hermann Hoppe’s “

The Democrats want trillions spent on infrastructure for a "Green New Deal." The GOP wants a trillion for roads and bridges. They're likely to find a way to "work together" to spend trillions either way.

The government's plan for "contact tracing" to prevent the spread of COVID-19 relies on huge amounts of government spending, plus unproven science as to the nature of the disease.

The saddest aspect of this economic ignorance is that these evangelicals have completely ignored the real reductions in poverty rates in the past forty years, reductions that are due to liberalizing economies that once were in socialist straitjackets.

Marx believed truth could only be fully understood by a certain socioeconomic class. Ludwig von Mises disagreed.