Mises Wire

Both the battle and the war were unnecessary, but were the products of Great Power hubris and incompetence during and after World War I.

Progressives like John Kenneth Galbraith no longer heap praise on China, given that it long ago abandoned Mao’s austere communism. Instead, modern progressive economists like Joe Stiglitz save their acclaim for the economies of places like Cuba and Venezuela.

Both ideological anti-capitalism and economic factors contribute to the way Africa lags the rest of the world in the conquest of poverty.

These books and authors offer a more realistic view of the moral problems with the American state‘s conduct in “the good war,” World War II.

Environmental activists admit that the Paris Agreement wasn't a "solution" to climate change, they should actually be thanking Trump for abandoning it.

Markets are already betting that the Fed will re-commit itself to more stimulus and more ultra-low rates. The markets are probably right.

Homicide trends in America are driven by deeply entrenched historical and cultural factors that extend far beyond the prevalence of gun ownership.

In addition to having no obligation to intervene to protect the public, government law-enforcement agencies are protected by many layers of formal immunity which allow them to both abuse their power and neglect their duties without any significant repercussions to themselves or to budgets.

Competition and cooperation and not two things in conflict. They are both essential ingredients in a society based on voluntary action instead of violence.

Africa has plenty of hard workers and plenty of natural resources. But private property is not secure there, which means few are willing to invest their capital there.