Mises Wire

Socialists claim they just want to create a more “just” and “equitable” economic system. In reality, socialism is a political system that uses economic rhetoric.

The modern debt culture—underwritten by the Federal Reserve’s expansionary policies—is not only harms capital development, but it also encourages short time preferences, which diminishes the structure of production.

Politicians in both parties are promising to address the affordability crisis. But neither is focusing on, or even discussing, the true causes. Here’s what they are and how to fix them.

Cheney was an architect of both Iraq wars, and he was a perennial supporter of the American surveillance state, torture, and more. 

The rent is too high. However, government interference into rental markets has been the main reason rents are so high in the first place.

When we think of the term “equality,” most of us think of it in a formal sense: equality under the law. However, political elites are demanding “substantive” equality, which is impossible to achieve.

Keynesian orthodoxy claims that the cause of recessions is a decline in so-called aggregate demand. Besides confusing cause-and-effect, Keynesians don't understand that downturns are the result of malinvestments made during the boom because of central bank interference in the economy.

Inflation is not just an economic phenomenon. It also undercuts the foundations of a civilization, leading to the breakdown of society itself.

Modern progressivism is based upon the notion of equity—equal outcomes. However, as Ludwig von Mises wrote, classical liberalism had its roots in liberty, which was undergirded by equality before the law.

Roger Williams, the Baptist minister whose libertarian views ran afoul of the Massachusetts Bay Colony authorities, should be honored as one of this country’s early libertarians.