Mises Wire

All economic and political systems involve competition over scarce resources. So it's wrong to say competition is the distinguishing characteristic of capitalism.

Only one company is still writing workman's comp policies for the NFL. Insurers fear Chronic Traumatic Encephalopathy (CTE) may be the new asbestos, with lawsuits extending into the distant future.

The shutdown is an example of how the government cannot be counted on to deliver on its promises.

Back in 1998, I was working in the filthy world of trade.

The rise of interest in free market economics has come from outside academia and Economics in One Lesson has been a great part of this awareness.

Government spending doesn't create wealth. It destroys wealth.

Spending $12 billion per day is not a shutdown. Spending 7% less than you spent last year is not a shutdown.

It is easy to blame weakening global markets on Trump, but it would be dangerous to believe that's the real cause of the slowdown.

The core problems protested by the "Yellow Vests" are largely of an economic nature, while they also targeted the political class that is widely seen as being out of touch with reality.

Many modern scientists simply follow in the footsteps of Jacques Cousteau who once opined that “world population must be stabilized and to do that we must eliminate 350,000 people per day.”