Mises Wire

Austrian economists have long criticized using mathematics to undergird economic analysis. It is time to apply that same criticism to using math to undergird analysis of financial markets.

By hiring a communist as his main housing adviser, New York City Mayor Zohran Mamdani is fully committed to driving out private ownership of rental properties and handing over apartments to the city and politically-connected organizations. It will only make housing problems worse.

The 1929 October stock market crash is one of the most important financial events in US history. Andrew Ross Sorkin’s book gives a close look at the events that shook the nation.

Trump is clearly focused on building a legacy in his second term with his domestic vanity projects and dramatic foreign interventions. But his actual legacy is shaping up to be defined by his lack of progress on affordability.

While unity sounds like a nice thing to have, when it comes to politics and nation-states, experience repeatedly shows that unity is the tool of those who build state power at the expense of freedom.

When it comes to fiscal reform, the Right—in Italy and abroad—should remember Jean-Baptiste Say: “The best scheme of finance is, to spend as little as possible; and the best tax is always the lightest.”

The Bill of Rights transformed the Constitution from one of supreme and total national power to a partially mixed polity where the liberal anti-nationalists at least had a fighting chance.

While libertarians like to think of political libertarianism as a peculiarly western concept, it turns out that classical Daoist thinkers wrote about state power in a way that would seem to channel none other than Murray Rothbard.

Many progressives believe that certain kind of speech, or what they call “hate speech,” should be subject to criminal penalties, including imprisonment. Murray Rothbard understood that such laws would destroy our very freedoms.

Investors are not abandoning dollars so much as they are abandoning fiat currency in favor of gold. Gold is rising as a share of reserves, but euros and yen are not.