Mises Wire

The Liechtenstein constitution goes to great pains to place obstacles in the way of exercising state power. It also has provisions explicitly allowing for secession.

The Walton family (the owners of Walmart) is currently worth about $190 billion.

Real GDP does not measure the real strength of an economy, but reflects monetary turnover. Thus, the more money is pumped, the stronger the economy appears to be.

In a competitive economy, employers are unable to pocket the surplus produced by workers. If the employers try to do this, they lose market share and their best workers.

100-year bonds push government debt onto future taxpayers who haven't even been born yet. And they also show the government has no intention of actually paying its debts.

The free-market doctrine does not rest on an assumption that consumers make wise choices. Like the mythical “economic man,” the Perfectly Wise Individual is a straw man created by the critics of the theory.

If violence is the key to creating wealth, as Desmond insinuates, then the communist nations would have created fabulous amounts of wealth given the brutality of 20th-century Stalinism.

New technologies, not the state, will be the key to making it ever easier to meet basic needs and diminish the perceived need for more government services.

Brazil — and its longtime disregard for property rights — has shown us how not to manage forest lands. Current calls for government solutions to forest fires do nothing to offer real solutions.

In July, year-over-year growth in the money supply was at 2.19 percent. That was up slightly from June's rate of 1.98 percent, but was well down from July 2018's rate of 4.07 percent.