Mises Wire

Fed Chairman Kevin Warsh has raised the Fed’s discount rate—to the chagrin of President Trump—but it is doubtful Warsh’s actions will be effective against inflation.

Anarchy is associated with chaos and mayhem, yet it is the state itself that unleashes chaos and mayhem on innocent people. It is time to rethink anarchy and its comparison to state power.

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Polls tell us that large numbers of Americans want a Medicare for all healthcare system that is “free” to everyone, paid by tax dollars. What people don’t realize is that the system that would emerge would be much less responsive than what we have now.

Marx held that class conflict was the overriding issue of his day, and Marxists still hold to that viewpoint. Their assumptions about class, however, do not square with modern reality.

As state control over forests and brushlands continues apace both in Spain and the US, the dangers of wildfires grows worse. Environmentalists, naturally, blame capitalism.

In this week’s Friday Philosophy, Dr. David Gordon reviews Fred Reed’s latest work, which lambasts the American propensity to fight pointless yet destructive wars abroad, all the while destroying what is left of what was once a decent society at home.

Mainstream economics does a disservice when students are taught that money is a medium of exchange, a store of value, and a unit of account without explaining why and how money came to function in those categories.

Our economic future desperately depends upon entrepreneurs being free to act. Unfortunately, our ruling classes seem to prefer economic chaos.

For all the claims made by socialists that capitalism produces monopolies, socialists argue for one big monopoly to control everything: the state.