Mises Wire

Democrats learned the hard way that voters don’t like being told the economy is great when they’re struggling to afford everyday life. Now Republicans have chosen the same strategy.

By branding censorship as “safety,” surveillance as “protection,” and political conformity as “civic duty,” European states have constructed a system where dissent is pathologized and criminalized. The UK is following the same dystopian path.

Few Marxists admit to being Marxists. Instead, they are true believers in the creation of the utopian society—if only the rest of us will give them the power they deserve.

California’s proposed billionaire wealth tax is being sold to voters as a way to replenish the state’s tax coffers with billions of new dollars. What it actually will do is to end the vital capital investment that has driven California’s economy for decades.

Mainstream economists believe that central banks can “control” inflation, which they believe actually boosts the economy. The only thing inflation boosts is more inflation.

Economic, political, and academic elites have declared gold to be a “barbarous relic,” but in the end gold always is the best choice for money. More than a century of the Fed's paper-based inflation is all the proof we need.

When government becomes involved in finance, interest groups abound, each one seeking wealth transfers to the detriment of others. This has been the case since the founding of this country, and AI is just a new chapter.

For the past few years, we have seen claims that the BRICS countries were going to develop a gold-based trading currency and push the dollar from its reserve currency perch. However, none of the economies of these countries can operate with a currency as good as gold.

An article of faith with modern progressives is that all social problems can be solved with the growth and application of the administrative state. They have faith in the wrong thing.

In this week's Friday Philosophy, Dr. David Gordon takes issue with the DEI movement in higher education, pointing to the utterly absurd case of Jason Arday, a professor of the sociology of education at Cambridge University, as DEI's poster child.