It’s important to call the government and media on this unholy alliance, whether you view their targets as sympathetic or not. If we stay silent when they come for our enemies, they will ultimately come for us.
Put simply, if it were not for accommodative monetary policy, these firms would have otherwise shut down by now. Once again, the Fed is refusing to allow the invisible hand to rein in the excess for fear a liquidity crisis, credit crunch, and worse.
A big reason that socialist ideology has staying power is the tactic of blaming the many failures and disasters of socialist regimes on the alleged fact the regimes "aren't real socialism."
Ultimately, we need not rely on the government (i.e., the “king’s men” putting Humpty-Dumpty back together again). People acting freely in a marketplace could do it all by themselves. If only the government would let them.
The real problem with inflation, properly understood is that it is essentially a wealth transfer away from the most productive parts of the economy. This causes bubbles and economic fragility.
The massive bailout of indebted sectors that already had overcapacity and were in process of obsolescence may also drive the largest wave of malinvestment in decades. If the previous recoveries came with poor wage and capital expenditure growth and high debt, the next one will likely be even...
Police are not legally obligated to provide protection from criminals. Nor are they motivated to go after hardened criminals or investigate violent crime. Self defense (or private security) is the only reliable option.
Executive orders are inherently suspect and generally bad, not simply because of (at this point laughable) constitutional concerns, but because they establish another layer of de facto "laws" for which you and I have little legal recourse.
A high German court recently ruled that the European Central Bank has overstepped the bounds of its power. The angry response from high-ranking European bureaucrats tells us a lot about what they want for the EU.
With the help of our extraordinary supporters, the Mises Institute is the world's leading supporter of the ideas of liberty and the Austrian School of economics. Since 1982, it has been the essential training ground the world over. With the continuing and growing economic crisis, the ideas of liberty are gaining more attention than ever. The Austrian School in particular is undergoing a remarkable renaissance. Hear the words of some of our supporters to learn why they are seizing the moment to help the Institute flood the world with truth.
