Mises Wire

Social Security acts as a sort of "reverse insurance," doling out money now, leaving less for the future.

The center-left in Spain survived last weeks elections. Whether the economy can survive the left's tax addiction remains to be seen.

Even if a machine were technically capable of providing the same service more cheaply, many consumers are likely to prefer human staff in many cases, including nurses and care providers, entertainers, chefs, and teachers.

2018 was the year when, yet again, the socialist model proved its inability to generate benefits for a population

Government injection of funds into trade finance prevents interest rates to rise, deepening malinvestments and precluding the readjustment of international trade after a crisis.

Central banks contend they can avoid booms and busts by increasing the money supply the "correct" amount. They are bound to fail.

Families provide an example of social bonds without private property, prices, and “capitalist exploitation.” So, it's odd that Marx wanted to abolish the family.

The Swiss “Landsgemeinde” assembly provides some insight into how to create a less-bad form of political power. But that's still worse than true self-determination.

A higher education system with "free tuition" will need to control costs through larger class sizes, and lower-quality services.

In order to destroy the Republic in favor of empire, the new Roman dictators systematically dismantled the Republic's system of local autonomy and self-rule.