Mises Wire

Environmental activists in US politics are making it quite clear that their goal is nothing short of a socialist economic revolution.

The trade deficit has increased since President Trump took office, consumer prices are rising, and American industries are losing their competitiveness on the world stage.

"Digital cash" is the latest terrible idea from those who want to give central banks more power to meddle in the economy.

Even if Trump and Xi both desire to reduce America's trade deficit with China, it's unlikely it will shrink in the short term.

Virtually all laws involve "legislating morality." When people use this phrase they often really just mean "I want laws to back my version of morality, not yours."

In the conditions of a labor shortage, which necessarily materializes if wage rates go below the point corresponding to full employment, the payment of higher wages provides exactly the same benefit to employers.

EU regulations greatly increased costs for British Steel, and eventually doomed the company. And British Steel would have become insolvent even if the Brits had never voted for Brexit.

Socialism will always encounter two big problems when regimes attempt to implement it: 1) the impossibility of economic calculation without true market prices, and 2) the lack of an incentive to produce only what consumers actually want. 

It is the lethal combination of tariffs and the end of the expansionary phase of the credit cycle which should concern us.

"Green" parties gained too, and unfortunately, the big winners share an important similarity: they all advocate for more government interventionism in one way or another.