Mises Wire

Kamala Harris has promised to rule by decree if elected president. For her, Congress is little more than an advisory committee. The average voter, of course, ranks even lower than that.

Kai-Fu Lee’s new book AI Superpowers offers many insights into the development of of AI, but too much of the book is spent chasing economic phantoms.

The movement for alternative money is the result of the history of government monetary mismanagement.

Not only does fractional-reserve banking gives rise to monetary inflation it is also responsible for monetary deflation. Money created out of "thin air" can disappear as rapidly as it was created.

I offer my own definition of government: Government is that great fiction, through which everybody endeavors to live at the expense of everybody else.

Robots are not fundamentally different from other labor-saving innovations, and there's no reason to believe increased innovation will lead to mass unemployment or mass poverty.

In Canada, it is estimated that between 25,456 and 63,090 Canadian women may have died as a result of increased wait times between 1993 and 2009.

In a city with rapidly rising housing needs, there is really only one way to keep housing prices stable or falling: produce a lot of housing.

What makes restitution work well in Japan is that private individuals and groups are much more responsible for controlling crime.

There is a myth that Progressive humanitarians agitated for meat-packing regulations which now protect us from disease. The reality is that the big meat packers themselves wanted regulation to help crush the competition.