Mises Wire

Restoring the rule of law and Constitutional government on immigration—something wrecked by Trump's rule-by-decree with federal agents—is vastly more important than expelling illegal immigrants. 

There are two kinds of political movements: 1. Those that are “compromising” and pose no real threat to the elites. 2. The groups that actually oppose the status quo but are kept out of power.

The Trump administration (like the Biden White House before it) insists that it has inflation under control, pointing to the CPI. However, other informal measures show inflation to be much higher than the CPI claims.

If California voters and politicians do not understand the current crisis, we will see the continuous march to perdition as California politicians refuse to acknowledge that they are killing the geese laying the golden eggs.

Politicians are touting “affordability” to describe the current regime of rising prices. However, most lawmakers who claim they are trying to make things more affordable demand policies that make things more costly.

The latest release of Epstein files again highlighted how disgusted and frustrated people have grown with the current elites. Yet they remain essentially untouchable. Why? 

A bad end is most likely though even in the best case scenario of AI increasing living standards. The build-up of asset inflation malinvestment and overleveraging will impose huge costs.

Although Adam Smith is well-known for emphasizing division of labor, his analysis was woefully incomplete, as Dr. Mark Thornton points out.

In most nations of any size, sectionalism is almost inevitable. How nations handle such divisions, historian Frank L. Owsley, determines if sectionalism is peaceful or becomes violent. It became violent in the US in 1861.

There is no reason to be surprised by the total lack of commitment to any ideological standards. Nor is there any reason to expect anything better. That's just how American politics works.