Mises Wire

While everyone was talking about the 2018-2019 United States government shutdown, the House began pushing a new bill on universal background checks for gun ownership.

The authors of this plan apparently believe that all it will take is for the government to direct massive amounts of money toward these new projects, and everything else will fall into line

Today would have been the 90th birthday of Burt Blumert, a key figure in the modern libertarian movement.

Even in the heyday of liberalism only a few people had a full grasp of the functioning of the market economy. 

The importance of the division of labor hardly can be exaggerated, and it is also key in understanding the process of capital creation.

Regardless of expectations, tampering with the economy by means of monetary policies will always undermine the foundations of the real economy.

While Elizabeth Warren may be correct that the system is broken, she is quite wrong in how and why it is broken — and how to fix it.

Handing control over people's lives to politicians does not somehow make an economic system any more fair or equitable. All it does is make the exercise of power more arbitrary.

One of the easiest ways of asserting control over the private sector is to manage the money supply with a central bank. Naturally, Marx was rather fond of the idea.

Many people on the left regard economics as neither a science nor a principled field of study. For them, economics is just a pseudo-science invented as corporate propaganda, and people who push "free-market economics" do so because they are either evil or brainwashed by corporate masters.