Audio Mises Wire

Princeton “historian” Allen C. Guelzo’s newest hagiography of Abraham Lincoln focuses on Lincoln’s supposed love affair with commerce, albeit “commerce” based upon protectionism and government tariffs. As David Gordon notes, Guelzo has a problem getting his economic history correct. Original Article: Misunderstanding Both Lincoln and Basic Economics    

Christianity Today and other Christian publications are touting a book that claims to be based upon “biblical critical theory.” It’s yet another version of Marxism that is neither critical nor biblical. It’s just more Marxism. Original Article: Biblical Critical Theory Is Not Biblical. It’s Watered-Down Marxism  

As the federal government's debt approaches $35 trillion, default one way or another is inevitable. Many US states already have used that method to eliminate their debts. Original Article: US States Have a Long History of Defaulting  

While term limits is a near-article of faith by many on the right, the concept is flawed at its inception and the results are worse than anticipated. Original Article: The Right Is Wrong to Pursue Term Limits    

In a recent interview with 60 Minutes, Fed chairman Jerome Powell gave assurances that the US banking system is sound. Ben Bernanke also claimed almost twenty years ago that real estate markets were not overextended. The hubris must be in the water at the Eccles Building. Original Article: Hubris Runs Rampant at the Fed    

When governments go to war, the nation’s monetary system usually descends into the pit of inflation. The War of 1812 was no exception, and its monetary excesses led to the Panic of 1819. Original Article: The War of 1812 and the Panic of 1819: The Unholy Alliance between Government and Banking  

Socialists never give up trying to prove that socialism can maintain a functioning economy. Some have dragged out a nearly forty year old study as their exhibit A. Original Article: No, "Science" Has Not Proven Mises Wrong on Socialism  

While Thomas Paine might be one of the most obscure "Founding Fathers" of this country, he was a powerful intellect who helped move people to choose liberty and independence. Original Article: The Awesome Verbal Punching Power of Thomas Paine  

As officials feign outrage over the death of Alexei Navalny and the jailing of Evan Gershkovich, the US government tries to imprison a journalist for breaking truly incriminating stories. Original Article: The Outrageous Persecution of Julian Assange    

As the European Union becomes increasingly dominated by progressive elites, it becomes more authoritarian and contemptuous of the rights of those the Union purports to serve. Original Article: To the European Union: Don't Tread on Us    

There will be life after Trump one way or another, but in the long run, it seems as though the ruling party always wins. Original Article:  After Trump, Then What?

School choice would seem to have benefits, but as Thomas Sowell says: “There are no solutions. There are only trade-offs.” Enthusiastic “school choice” proponents forget that with government money comes government control. Original Article:  The Double-Edged Sword of School Choice

Another Pentagon audit, another massive failure. But the Pentagon's problems are not just simple accounting. They reflect the reality of an unaccountable rogue empire that tries to prop up the US empire. Original Article:  What Can We Learn from the Latest Pentagon Audit? Both Plenty and Not Much

The “One-China” policy assumes Taiwan to be a runaway province. The people of Taiwan, however, see their country as sovereign, and their reasons have merit. Original Article:  Is Taiwan a De Facto Sovereign Nation or a Province of the PRC?

Javier Milei is trying to undo the damage created by nearly a century of socialism in Argentina. Mises, Rothbard, and Hayek were good teachers. Original Article:  Javier Milei Understands the Road to Serfdom

While South Africa’s political authorities pursue genocide accusations against other countries, those same leaders are destroying the nation’s economy and basic infrastructure. This is a failed state. Original Article:  The "New" South Africa Is Now a Newly-Failed State: Don't Look for Things to Improve

Some economists believe that the balance of payments is what determines currency exchange rates. In fact, exchange rates are always about the purchasing power of some currencies relative to others. Original Article:   Does the Balance of Payments Determine Exchange Rates?

In 2022, Michigan Gov. Gretchen Whitmer used political favors and government grants to maneuver thousands of workers into jobs producing electric trucks. But consumers aren’t interested. Original Article:   How Governor Whitmer Doomed Detroit Autoworkers

When Adam Smith and the English classicals promoted division of labor as the most important ingredient in economic development, it took Carl Menger and his Austrian successors to point out that error and promote the proper economic theory of production. Original Article:  How Carl Menger and the Austrians Helped to Steer Economic Theory in the Right Direction

Social Security is headed for reduced benefits, and no amount of political rhetoric or even tax increases will solve that problem. The numbers do not lie. Original Article:  Social Insecurity: It’s Not Wrong to be Concerned about Facts

While US taxpayers pay billions for military missions around the world in the name of “keeping us safe,” the federal government fails to keep residents of the nation’s capital safe from violent crime. Original Article:  Forget Being the World's Policeman; the Federal Government Can't Even Keep DC Safe

Political and economic elites predicted a doomsday scenario when Trump was elected in 2016, but the reality of his presidency didn’t come close to matching the apocalyptic rhetoric that accompanied it. Original Article:  Understanding the Trump Phenomenon: It's Not What the Elites Think

Progressives argue that free markets stand in the way of economic and racial equality. In fact, free markets are the only vehicle that can help make people more equal. Original Article:  Legacies of Injustice and Racial Inequality

In the wake of the financial meltdown fifteen years ago, some countries placed strict limits on piling on public debt. Despite cries that this harms investment opportunities, the ”debt brakes” have worked well. Original Article:  Fiscal Rules Do Not Undermine Investment, But Government Profligacy Does

Block’s call for total war and the indiscriminate slaughter of innocent civilians in Gaza is the complete and uninhibited rejection and renunciation of the nonaggression principle that constitutes one of the very cornerstones of the Rothbardian system. Original Article:  An Open Letter to Walter E. Block