Mises Wire

Central banks' economic models repeatedly and incessantly over-estimate economic growth. We can only speculate as to their motivation.

Why do so many people resent capitalism, even when they benefit enormously from it?

In April, year-over-year growth in the money supply was at 1.99 percent. That was up slightly from March's growth rate of 1.92 percent, but was well down from April 2018's rate of 4.32 percent.

Alexandria Ocasio-Cortez thinks Christian theology supports her bill on excessive interest. Her position ignores the actual history of Christian views of usury.

Many of the worst costs that will come with "Medicare for All" won't be calculated in dollars. They'll come in the form of doctor shortages, long wait times, and less access to care.

Unlike Greece, Italy or other seriously debt-laden economies, it’s not just government borrowing that’s the main risk to Turkey.

It is not "the US" that imports Japanese or Chinese electrical appliances, but an individual from the US, or a group of Americans. They import these appliances because they believe that a profit can be made. And governments ought not interfere in these transactions.

Tariffs inflict harm on real people, empowering bureaucracy and the state, while destroying the rights of real-world entrepreneurs and consumers. Yet, some people claiming to support free markets are perfectly fine with this.

Even the more "subtle" or "nuanced" arguments for tariffs smack of the same old mercantilist arguments that have been refuted by economists going back to Adam Smith.

Alexandria Ocasio-Cortez is aghast that some people like to pick up a few bucks doing work which brings no prestige. This is part of a larger obsession among politicians with de-valuing and working against unglamorous jobs that involve "dirty" work.