Mises Wire

The Federal Reserve might be experiencing a change of leadership, but the process of currency debasement that began more than a century ago continues.

Murray Rothbard famously asked Cui bono? to help unearth government scandals. Kenya’s politicians certainly benefitted from the Eurobond affair.

Ludwig von Mises had many insights about immigration. As one might expect, he foresaw problems with open borders, but also believed immigration could benefit a nation.

Historically, many sovereign states have granted separatist cultural and ideological groups political autonomy as a means of avoiding full secession. The US legal system prevents this.

With Trump’s crony capitalism, the government taking equity positions in US businesses, and socialists making real inroads in the Democratic Party, it is hard to find defenders of free markets.

In this week’s Friday Philosophy, Dr. David Gordon reviews The Influence and Significance of Human Action After 75 Years edited by Joseph T. Salerno. He gives his thoughts and questions on some of the points made and recommends it and Human Action.

Social contract theory was used to critique a form of the state, but was also used to legitimize the modern nation-state.

One of the prevailing myths today is the belief that AI can help to “automate” the economy. That is impossible, given that only humans can determine the value of something.

Buc-ee’s—the roadside travel phenomenon—seems to cater to the extremes in our society. Either customers love shopping at the place or it is yet another symbol of capitalist oppression.

Economics is far more than what people see as “the economy.” It is the central organizing factor for civilized society.