Mises Wire

Governments take on a variety of responsibilities as a justification for greatly expanding powers — claiming these powers are necessary to fulfill these new responsibilities.

In January, year-over-year growth in the money supply was at 3.3 percent. That was down from December's growth rate of 3.8 percent, but was up from January 2018's rate of 2.8 percent.

Many still to this day will not admit that the devastation witnessed in Venezuela is a problem inherent to socialism.

Many states assumed to be "turning blue" actually get more migrants from red states than from blue states. It's also a bad idea to assume that everyone who moves from Illinois agrees with the median voter from Chicago.

Like taxation, government spending diverts resources from real wealth-generating ventures. Borrowed funds for continued spending must also be repaid, so current spending translates to future taxation.

Wishing people had higher wages doesn't change the fact that it's impossible to make people richer by merely passing a law. Workers can only sustainably be paid more if they produce more. Fortunately, markets offer an answer to this problem.

There is no justification for any lawful entrepreneur to feel any sense of guilt in appropriating the results of his or her creative activity.

UK politicians are now at war as some push to make Brexit a catalyst for pro-market reforms such as slashing taxes. Others, however, want to double down on the worst the EU bureaucracy has to offer.

Last year, on net, nearly 138,000 more people left California than moved into it from elsewhere in the US.

Abuse of power by police won't magically disappear if racism does. There are still plenty of reasons for police to abuse power, and few reasons for the public to believe that police will be held accountable.