Mises Wire

The notion that AI can take over an economy is fantasy. A market economy is not made up of competing algorithms but rather sets of prices that lead to discovery.

The boom-bust cycle is not a mystery. Understanding why requires grappling honestly with what the last fifty years produced.

In February, the total money supply again rose, heading above $20.4 and growing by a trillion dollars in seven months from July 2025 to February 2026.

In today’s Friday Philosophy, Dr. David Gordon examines Robert Nozick’s answer to the question asked in the title of this article.

Far from being what Keynes called that “barbarous relic,” gold has been important throughout history, and to the present day. Joakim Book reviews The Secret History of Gold: Myth, Money, Politics & Power.

Those who invoke Jesus for socialism face a tension: if the power to end suffering creates a moral obligation, then the Jesus who healed many but not all appears, by that standard, either unwilling or unable.

The Trump administration continues its bellicose war against Iran, destroying opportunities for prosperity through meaningful commerce along the way.

As the socialistic Canadian medical system runs aground, the government actively promotes physician-assisted suicide as a way to save the system and promoting “die with dignity” at the same time.

For every tax dollar extracted by state governments, the federal government demanded nearly 3.5 dollars. Even if combined with local taxation, the Federal government is the biggest tax collector by far.

President Trump’s so-called populism really is a mish-mash of protectionism, increased government spending, price controls, and some deregulation. Don’t expect good results.