Top News

[Should the state back science or even plan its progress? In this excerpt from a longer and previously unpublished study written in 1959—two years after Russia's launch of Sputnik and two years before the first manned space flight—Murray Rothbard (1926–95)

On November 15, 2021, the Austrian government ordered a lockdown for the unvaccinated. This drastic step occurred after citing low vaccination rates and the goal to decrease the risk of transmission by unvaccinated people. Just a few days after the vaccination

In response to the argument in favor of closing loopholes, Ludwig von Mises once noted that “capitalism breathes through those loopholes.” In many ways, special economic zones (SEZs) are the ultimate loophole. But, like all loopholes, they benefit the politically connected

The US benefits in no way from a war with Russia. Fortunately, many Americans are less than enthusiastic. Original Article: "The Usual Suspects Are Pushing War with Russia" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

Like new money, knowledge spreads unevenly through the economy in a kind of Cantillon effect. Here's what that means for different market actors Original Article: "Why Intellectual Property Isn't Necessary to Reward Innovation" This Audio Mises Wire is generously sponsored by Christopher

Under PM Mario Draghi, the Italian government has issued new edicts designed to make life even more difficult for anyone who doesn't comply with every aspect of the state's covid regime. Original Article: "Italy's Covid Despotism Just Got Worse" This Audio Mises

We live in the age of rampant (monetary and price) inflation, more frequent economic crises, chronic deficit spending, unpayable debt, and massive financial bubbles. That's not accidental. That's consequential. This fact and the many economic, social, and even cultural consequences of

Introduction The problems and ideas that moved Ludwig von Mises in his early years were addressed by the work of four great economic theorists: Carl Menger, Eugen von Böhm-Bawerk, Friedrich von Wieser, and Joseph Schumpeter. He knew all four personally, but

Why do individuals assign a greater value to gold than to bread, when bread seems to be more “useful” than gold? To provide an answer to this question economists refer to the law of diminishing marginal utility. The concept of

No matter how much the American economy grows during the next decade, the government will have serious trouble funding expanding entitlements, increased education spending, and ongoing wars in the Middle East, while maintaining a global military constabulary and presence everywhere.