Mises Daily

The role of the algorithm is to ensure a declining progression of the overall stock of bitcoins, by halving the reward every four years.

The crash was said to prove how destructive “unregulated capitalism” could be and how dangerous its supporters were.

The breakdown of sound money has now finally generated a cruel endgame.

What sanction, in morals, does the State adduce for the taking of property?

In effect, the government’s not taking is alleged to be giving. Its not taxing is alleged to be spending.

A subset of the end-the-Fed crowd opposes the Fed for peripheral or entirely wrongheaded reasons.

A few more banking crises will likely cause confidence in the fractional-reserve banking system to evaporate.

Henniger writes, "No president has believed more in the miracle of the multiplier than Barack Obama."

Senator Elizabeth Warren (D, Organized Labor) has put paid to the possibility of our use of the reductio ad absurdum. With her $22 per  hour minimum wage (or is it $33?) she has seen us, raised us, doubled down, and in every other way possible demonstrated that she is impervious to logic and basic economics.

The people of Colorado and Washington have effectively nullified US drug laws in their states, with respect to marijuana. Moreover, the people of Colorado and Washington are also effectively nullifying an international treaty on drug prohibition.