Mises Wire

The crisis-ridden welfare states of South America show us that the fabled "third way" to economic prosperity is not quite the cure-all we're told it is.

Governments fund and regulates the overwhelming majority of post-med-school residencies. Not surprisingly, there is now a shortage in residency positions. And government refuses to allow for greater freedom in licensing foreign doctors.

In a globalized world, nearly every product or service relies on products and services from somewhere else.

Why do yield-curve inversions so often suggest a recession is on the horizon? Understanding malinvestment and bubble economics can help.

Mises did not just proclaim to the masses that civilization was in danger. Rather, Mises dedicated his entire life to educating his fellow man about sound economics and its importance to freedom and liberalism.

Europe is seeing the dangers of allowing demagogy to dictate energy policy. 

Rothbard’s work on welfare economics probably ranks among his least-known achievements, but it is truly a tour de force and another tribute to his great originality and talent as an economist.

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"Climate justice" would bring with it mass unemployment and major economic distress. Activists ignore the true costs, while discounting market solutions.