Mises Daily

     This term “democratic” gets tossed around a lot, usually in a positive, “power to the people rather than

In fact, the government has already tried and failed to alleviate the Maryland crab crisis. Perhaps we should let capitalism have a crack at this problem.

It was Boetie's view that the state is the least plausible institution on earth, one that would be overthrown in a day but for propaganda and ideological error.

The Paulson Plan is one more step in the socialization of America, but it is also a great bank robbery.

"The government package is not going to rescue the economy, but it will rescue activities that the economy cannot afford and that consumers do not want."

1. The Federal Reserve cut interest rates to as low as 1% so that after inflation we had negative interest rates.

Our reflections thus yield the conclusion that an alleviation of cyclical fluctuations should be expected preeminently from a greater publicity among business enterprises, and particularly among the banks.

We offer a brief look into the topics most discussed in these times, with extended treatments of each in the sidebar.

It was credit expansion and the attempt to keep prices high that prolonged the Depression, which would otherwise have ended by 1931 or 1932. On this point Bernanke is all wet.

With the US housing crisis metamorphosing into a full-blown financial crisis in the United States and Europe and the specter of a global stagflation looming larger every day, the Fed's credibility and reputation is evaporating with the value of the US dollar.