Mises Wire

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? 

In a free society, defamation would be a nonissue. No one would be able to use the courts to punish other people for the things they say or write. The only exception would be if a person voluntarily signed, then violated, a contract agreeing not to say certain things.

It was Ludwig von Mises who revealed the intimate connections between Austrian economics and authentic liberalism.

Anti-poverty programs pushed by social democrats have enabled ever higher levels of corruption as bigger government programs mean the ultra-rich can skim more off the top.

We can start dismantling the US empire by giving Guantanamo Bay back to Cuba, followed by a termination of all foreign aid, a closure of all foreign military bases, and an end to regime-change operations around the world.