Mises Wire

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.

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.

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.

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.

Though rent control is sold as a policy that is intended to help the poor, it has induced homelessness among the poor and lower middle classes.

The size of new houses has shrunk since 2015. (Houses are still two-thirds larger than they were 50 years ago.) But will local governments let developers build smaller, simpler, more affordable housing?

So how about it, Mr. Powell? A real economy operates without ultra-low interest rates and activist central bank stimulus.

For decades, federal housing policy explicitly favored whites over blacks, likely worsening many of today's enduring wealth disparities.

Keynes once suggested that "the Government should have people dig up holes and then fill them up.” The UBI is the same thing, but we just skip the digging.