Mises Wire

Those who are tasked with serving the public interest — but are protected by legal immunity — are well positioned to serve whatever interests they choose.

If the world gets into a currency war — with the assault on wages and savings that devaluation entails — no one wins.

The US dollar came to rule the world in the wake of two world wars. But back then, the dollar's hegemony was based on a solid foundation of savings and capital accumulation. But today, the dollar's growth is based on huge piles of debt.

Last week Business Insider referenced a study to defend NYC's minimum wage law. Neither holds up well upon any sort of serious analysis.

Federal criminal prosecutions ought to be abolished and left to the states. But until that happens, abolishing the federal death penalty is a good place to start.

Trump seems to want a smaller trade deficit, and increased net capital flows into the U.S. at the same time. But he can’t have both.

Jeff Deist reviews Michael Malice's The New Right in the forthcoming September/October issue of The Austrian.

For Ludwig von Mises, international bureaucracies like the WTO devoted to enforcing "free trade" are not progress. They're simply another type of government planning.

Given the way it's calculated, GDP can be driven up just as much by squandering wealth, as by building it up.

For Brussels, giving in on Brexit encourages rebellion from disaffected populations in other member states, but do they really have a choice?