Mises Wire

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.

If the Wal-Mart CEO were to take a $1 salary and the company were to spread that over each of the company's workers, each worker would receive a one-time bonus of $10.

Even if a machine were technically capable of providing the same service more cheaply, many consumers are likely to prefer human staff in many cases, including nurses and care providers, entertainers, chefs, and teachers.

The center-left in Spain survived last weeks elections. Whether the economy can survive the left's tax addiction remains to be seen.

2018 was the year when, yet again, the socialist model proved its inability to generate benefits for a population