Mises Wire

Last month, Bernie Sanders pointed out that once upon a time, government programs such as Social Security were regarded as "socialism."

The idea that the state will one day dry up and blow away is an unrealistic fantasy. But that doesn’t mean we shouldn’t be abolitionists. Our goal should always be to seize every opportunity to shrink the State.

Days after the Planned Parenthood shooting in Colorado Springs, President Obama had the chutzpah to stand up in Paris of all places and declare that mass shootings don't occur "in other countries."

Fractional-reserve banking systems create money out of thin air, and this causes malinvestments into less valuable and less productive activities. Eventually, banks realize there's trouble ahead, so they cut back on loans which leads to deflation and crisis.

The World Bank recently announced that the world had reached a new milestone. Extreme poverty is likely to dip below 10% worldwide for the first time in 2015.

The institutions of scientific research, like other human activities, involve expenditures of scarce resources, have benefits and costs that can be evaluated on the margin, and are affected by the preferences, beliefs, and incentives of scientific personnel.

The continuing power of the US dollar was called into question this week as the International Monetary Fund added the Chinese yuan as a part of the IMF's "currency" known as Special Drawing Rights. What does this mean for the US and China?

The 'good' news this holiday season comes from the IMF, as the Fund decided yesterday to include the yuan in the basket of currencies which underpins its Special Drawing Rights (SDR).

Robert Wenzel reports that none of the speakers at a recent Cato Monetary Conference favored ending the Fed.

In the 19th century, many western states gave the vote to non-citizens, and by using their control over who could vote, states indirectly controlled citizenship standards in the United States.