Mises Wire

Elon Musk has thrown in the towel on the Department of Government Efficiency (DOGE) in all but name. Mises correctly anticipated failures like these.

Would medical care be available to people who might have a difficult time paying for it? In a private property order, charitable institutions would play an important role in ensuring more people have access to medical treatment.

Economic sanctions, as a general principle, have a history of failure in the 20th and 21st centuries, which penalize everyday citizens in the sanctioned country.

Although it may not have ultimately ended how they wished, the strikes on Iran demonstrated that neoconservatives are still a viable force within the GOP. But that shouldn’t discourage us. Ending endless wars isn’t easy, but it is worthwhile.

Unfortunately, the only real long-term solution to this is genuine fiscal austerity and debt repudiation.

Mainstream economics is deterministic, holding that economic actors continue to move in one direction, not responding to changes in economic circumstances or incentives. The Austrians understand economics is about people engaged in purposeful action.

Lenin and Trotsky have long been dead, but their efforts to erase history through revolutions live on. Today, the erasure is happening in Western Europe and the United States, as progressives carry on that the Bolsheviks started.

Contrary to the narrative pushed by those who want more easy money, there is no monetary deflation or disinflation and the money supply continues to grow.

There has been much talk of disinflation, but all the evidence points toward the conclusion that the Federal Reserve continues to administer injections of monetary inflation.

Our socialist transit systems are an ongoing failure made worse by even more government intervention. We should not be surprised, then, when political leaders insist that the real problem is the lack of a political will to spend even more money on government enterprises.