Mises Wire

Paternalism has in recent years made a comeback, but its philosophical foundation is quite flimsy.

Paul Cantor's new book provides a new look at how the "American dream" is shown in pop culture as offering both hope and frustration.

For many Brazilian voters, Jair Bolsonaro offered a chance to break with decades of failed economic policies. Time will tell if they were right.

To prohibit discrimination in employment is to infringe upon freedom of association, freedom of thought, private property, and freedom in general.

Today's neoconservatives have found common cause with the Left in destroying those who disagree with them. In fact, this habit of denying a forum to any and all dissenters has a long tradition in the conservative movement.

It is up to us to reconsider Misesian liberal nationalism for the twenty-first century and create a vision for the present and beyond.

School children learn that there are three branches of government. In actual practice, there is a fourth branch, the permanent bureaucracy which includes legions of civilian and military agents, officers, and administrators committed to protecting their own interests.

Many advocates claim government intervention is necessary because markets are too unstable. The real instability, however, comes from the immense uncertainty over what government will do next with its vast and arbitrary power.

The fact that central bank policies become ineffective in reviving the economy is not due to the liquidity trap, but because of the decline in the pool of real savings. This decline emerges due to loose monetary and fiscal policies.

Anti-market activists in Argentina try to blame the country's economic woes on markets, but the populist movement of Peronism is what has doomed the country to endless cycles of economic and monetary crises.