Mises Wire

Nicholas Maduro is far from having surrendered his power after the latest elections.

A gastropub named after Murray Rothbard has opened in Westport, Connecticut.

Opponents of austerity have come out to denounce the idea that it’s bad for governments to borrow. They note that there are benefits to borrowing. The distinction they fail to make is that there’s a big difference between private borrowing and government borrowing.

Joseph Schumpeter famously predicted that capitalist society would be destroyed by its own success, and the recent student protests around the US are a sign he may have been right.

We've been told that with enough data, we can use sophisticated computing methods to predict the future. That often works with the physical sciences, but predicting human action is something else altogether.

A paper written by Zachary Feinstein discussing the economic consequences of blowing up the Death Star has been making the rounds on social media.

Government failure was being felt everywhere this week, from the massive law-enforcement failure in Sen Bernardino to the crumbling economy in Brazil. Meanwhile, government tells us it only needs a little more money, power, and time to solve all problems.

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

As the economy worsens, the Brazilian Congress this week announced that it will impeach the president of Brazil. Unfortunately, impeaching President Dilma Rousseff by itself will do little to fix Brazil’s economy when Brazilian politics remains dominated by anti-market forces.