Mises Wire

Elon Musk recently claimed that artificial intelligence will make money itself obsolete. He needs to read the literature of Austrian economics.

While classical liberalism is preferable to socialism and interventionism, it is, at best, a halfway house to total freedom.

A just war must be defensive; a nation must be trying to stop an invasion. And even in a defensive war, you must follow certain restraints. 

Modern egalitarianism is incompatible with individual liberty, something that is not proclaimed in political life. Egalitarians understand this, which is why they want to erase individual liberty altogether.

What are the things that undermine and ultimately destroy an economy and our standard of living? Dr. Mark Thornton presents seven reasons why our economy is deteriorating.

Modern economists attempt to define money by correlating it with economic activity. As Austrian economists know, money is defined by its function as a medium of exchange.

While US politicians are presenting policy prescriptions to make life more affordable, none of them are proposing what really would end this crisis: free markets.

Mises Institute Fellow Karl-Friedrich Israel appears on The Peter McCormack Show.

Politicians now are campaigning on “affordability,” but their idea of making things in life more “affordable” consists of numerous interventions into free markets that ultimately make things more costly.

 The money supply has accelerated over the past three months and is now at the highest rate of growth seen in 40 months—since July of 2022.