Mises Daily

To recap, what then we find is that not only does the availability of financial capital become wholly divorced from the extent of the pool of physical capital goods; not only does much of that pool become misused (and, hence, ultimately, stripped of its original "capitalness"); but that the wellspring of capital maintenance and augmentation — namely, voluntary saving — is concreted over to provide a gaudy, Baroque fountain of greater exhaustive consumption.

NASCAR exemplifies these stagflationary times.

Bernanke is evidently dedicated to one tactic: inflation now and forever.

Flynn's essential insight — that the threat to America is not to be found in any foreign capitol, but in Washington, D.C. — takes on new immediacy today.

What they failed to understand was the capacity for voluntary institutions to harmonize racial interests.

Under its current leadership, the Federal Reserve is looking more and more like a Banana Republic central bank

The switch from anti-Communist militarism to anti-Islamic imperialism was not difficult. They took a chapter out of Orwell, and merely changed the name of the enemy.

Whereas people want to have choice over how they spend their money, bureaucrats want us to suffer constantly, and be intensely aware of what we use, trusting not the price system to determine our consumption patterns but rather obey regulations and strictures.

Affluence and subsistence are two very different standards, and if welfare statists choose to import arguments for mere subsistence — as with appeals to the alleged lack of freedom of the starving man — then they must be held to this standard.

Zweig also explores how humans are overconfident in their abilities