Mises Wire

Joseph Stiglitz has written a new book that calls for massive state control over the economy.

Socialism, democratic or otherwise, rides on the back of force and violence. When they drop the veil, its a government agent pointing a gun.

Government interventions in the marketplace crate side effects which distort markets and impoverish consumers. The government must then step in the "correct" the problems with even more intervention.

Marx said that what he wanted was to create a one-world state. And that was Lenin’s idea too.

Social Democracy fails for the same reasons communism did. It just fails more slowly.

By threatening the Venezuelan regime and imposing sanctions, the US has only inflamed Venezuelan nationalism, while providing the regime with a convenient scapegoat.

The evolution of global trade over the last decades has thus been influenced to a significant and yet unrecognized extent by the expansionist monetary policies of governments around the world.

It is not easy to change the failed policies of the Kirchner era without recognizing the enormous monetary and fiscal hole created by the previous administration.

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

The way vaccines are packaged and distributed is often driven primarily by politics and government regulation — and not by medical concerns.