Mises Wire

Unfortunately, the Pope does not understand the role that monetary inflation plays in fueling AI's excesses. If he did, he might lead a necessary anti-AI spiritual alliance for sound money. 

Before the Nat Turner Rebellion and the rise of militant abolitionism in the North, there were more anti-slavery societies in the South than in the northern states.

Prediction markets, while obviously imperfect, still work well because people voluntarily put their money where their beliefs are. Naturally, the government wants to shut them down.

In spite of repeated claims from the Federal Reserve that monetary policy is at least moderately restrictive, there is no sign of any slowing in money-supply growth.

The US is not the only country with an out-of-control central bank. Brazilians are feeling the pain from decades of irresponsible central bank and government decisions.

In today's Friday Philosophy, Dr. David Gordon revisits The Calculus of Consent by James Buchanan and Gordon Tullock, considered a "classic" by mainstream economists. Murray Rothbard, however, dissented loudly.

Egalitarian interpreters of the Declaration not only empower the centralized state but promote a view of “equality” that shares a common ethical error with slavery itself—that legal castes of humans may be created and enforced against the liberty of others.

Is sortition—rule by a randomly chosen group of lawmakers—better than democracy? Even when randomly chosen, policymakers can do just as much damage when in the service of the state. 

The history of Zimbabwe has been one of stolen property and missed opportunities. It is time to recognize the importance of private property rights.

Pope Leo’s recent encyclical on Artificial Intelligence makes some good points but also has weaknesses. Ulrich Fromy explains.