Interventionism

I’m intrigued by this NYT explanation: “a surp

Just great.

Lebanese Muslims saw aggression, not liberty, and fought back with the only effective weapons that they had at the time. The point is not that Americans deserved to be attacked, but that they would not have been attacked but for being placed in the middle of a distant sectarian conflict. No wonder US policymakers prefer not to talk about the causes of terrorism.

Mary Anastasia O’Grady has written

...but, if there is some “disruption” that “severe

In what has to be the most telling example of the desire of government to use violence as its primary means to any end, officials in Ohio, Michigan

A month after declaring travel on the stretch of New York State Thruway that cro

Rather, the real dream has always been to protect wealth from the evils of inflation, and the middle-class housing market generally served that purpose. Housing was the middle class's best hedge against a growing government intent on expanding its scope and power by inflating the money supply. Today, housing looks like a relatively weaker hedge, and if this trend continues, middle-class wage earners will have to find better assets in which to store the brunt of their wealth.

Wealth cannot be created by means of loose monetary policy.

Being fully aware of the dark side of the credit boom — that is its socially destructive ramifications — Mises argued for returning to free-market money, which he saw as the only monetary regime that would allow preserving the ideal of the free society.