Mises Wire

The Bolsheviks were shocked to discover the destruction of money failed to bring about the rational economic order that the Communists believed to be inevitable.

The tax-incentive deal Amazon had with New York was not a "subsidy" — in fact, Amazon pays enormous amounts of net taxes.

We continue to live with the wreckage of failed urban renewal, and Progressive city planning. And the evidence can be seen in the tent cities and makeshift latrines we now see in public spaces.

The US government wants us all to pay and sacrifice for yet another war. And it's using all the usual old tricks to try and have its way.

Federal prosecutors are now charging suspects with breaking non-existent federal statutes in cases involving violations of internal NCAA rules. But if there is fraud anywhere in this sorry affair, it is committed by federal prosecutors, defense attorneys, federal judges, and journalists.

Mises declared in 1951: “No boom is possible without credit expansion... the boom which causes the following depression could not occur if the banks did not expand credit."

Elon Musk uses corporate welfare and "public-private partnerships" to create the false impression he is an actual entrepreneur.

June 12 was the day the Virginia Declaration of Rights, penned by George Mason, was ratified by the Fifth Virginia Convention in 1776. And it has pride of place as the first of several declarations of rights in the era.

Ignoring time preference is the fundamental error behind monetary planning. It is why in a successful economy, monetary intervention by the state is kept to a bare minimum, or preferably banished altogether.

Many cultural conservatives increasingly succumb to the temptation to call on the state to solve our problems, and to punish our leftist adversaries. But they're making a big mistake.