Mises Wire

Only large, rich countries can indulge the idea of open borders. Haitian migration into the Dominican Republic shows why smaller, poorer countries face a much different reality. 

Voting is controversial among Austro-Libertarians for many reasons. However, if one does choose to vote, one should understand that the state is never constrained by the voters and cannot be “reformed.”

As with any other government-controlled institution, a high level of public skepticism about elections is healthy.

The iconic Hermès Birkin bag helps illustrate Carl Menger’s “Theory of the Good,” and Ludwig von Mises’s explanation of human action.

Nicolaus Copernicus is best known for his observation that the sun was at the center of our solar system, but he also made a number of astute observations about economics. 

While men like Murray Rothbard and Ludwig von Mises believed in “just” war, nonetheless, they did not believe that wars lead to “just” outcomes, as war leads to destruction of civilization. The outcome of the American war of secession proved that point eloquently.

David Stockman is, to say the least, no admirer of Donald Trump, but even those inclined to a more favorable view of the former president than his will find much of value in this book. 

In August, the money supply grew at the fastest rate in 23 months.

One of the important points made by Carl Menger in his 1871 Principles is that people ordinally rank their preferences, valuing some things more than others. While this seems to be a common-sense principle, it actually has important implications for economic theory.

In ancient Athens, “the individual was much more subservient to the supremacy of the social body...than he is in any of the free states of Europe today.”