Mises Wire

Europe is seeing the dangers of allowing demagogy to dictate energy policy. 

In a globalized world, nearly every product or service relies on products and services from somewhere else.

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"Climate justice" would bring with it mass unemployment and major economic distress. Activists ignore the true costs, while discounting market solutions.

Democracy is only allowed when the voters vote "correctly" according to the ruling classes. "Wrong" decisions will trigger court rulings voiding the vote. Or we'll just keep voting until people get it "right."

Business owners have always made errors, and external factors can lead to economic crises of various sorts. But the cyclical pattern of booms and busts we now see are a result of government interventions not seen in a free marketplace.

Rothbard’s work on welfare economics probably ranks among his least-known achievements, but it is truly a tour de force and another tribute to his great originality and talent as an economist.

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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.