Mises Wire

The odds of a no-deal Brexit appear smaller than ever, and the exit process still has no end in sight.

Small businesses are essential in providing employment for workers who might otherwise be locked out of the mainstream economy. Small firms also drive large firms to compete for workers, thus driving up wages.

Social Security has always been a scheme to pile costs on future workers for the benefit of current retirees. Now Congress wants to make things even worse.

Thanks to trade and the pursuit of private-sector profits, even the poorest regions of the world have gained access to modern telecommunications at an astounding speed.

Reparations to heirs of slaves make sense so long as the actually guilty parties are the ones paying. Short of that, the policy being discussed has nothing to do with reparations. It's just a wealth redistribution scheme. 

The European central bank has no ammunition left with which to address any serious economic downturn.

Some states are passing laws where majority approval is found in just a handful of counties. This means just one or two regions of large states are forcing laws on the rest.

We are better off not needing twelve people with shovels to do the same thing as a single bulldozer. Robots are not fundamentally different from a bulldozer.

Obama's "I’ve got a pen and a phone" has perhaps found its equal in Trump's declaration of national security designed to make it even easier for him to spend taxpayer money.

There's nothing wrong with consulting statistical data. But this data can only be properly understood if one first has a good grasp of sound theory.