Mises Wire

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 In our age of contested truths, the power to define reality is the ultimate sign of control. Do you control yourself, or does someone else?

Watching the Federal Reserve's inflationary “strategy” of enacting repeated “stimulus” and creating asset bubbles, one is reminded of the “Cargo Cult” in the South Pacific after the end of World War II. 

The political zeitgeist is to embrace protectionism, leading some who support free trade to embrace open borders. However, as Murray Rothbard explained, people and societies are complex entities and what may work for trade does not work for open immigration.

David R. Henderson joins Bob to critique a recent Brad DeLong essay, which argued that the US had tried an experiment in "neo-liberalism" and that it failed utterly.

The market always tends to bring people together in peace, neither compelling nor forbidding exchanges. This is why racists and despots prefer the state to markets. 

Stung by political gains from Democrats over abortion and other issues, the Trump campaign tries to woo voters by promising to subsidize in vitro fertilization. What possibly could go wrong?

In the present age of denouncing “colonialism,” we need to better understand what imperialism was and why it came about. David Gordon critiques Joseph Schumpeter‘s account of western imperialism of the 19th and 20th centuries.

This year's presidential election is presented in stark terms of right and left, Trump on the right and Harris on the left. However, it is more realistic to say that both candidates are to the left of where electoral politics was located just a couple decades ago.