Mises Daily

Government is not reason; it is not eloquence; it is force. Like fire, it is a dangerous servant and a fearful master.

We suggest that by attempting to counter various shocks that are predominantly the product of Fed's own policies, Bernanke's Fed has likely made things much worse as far as real economic fundamentals are concerned.

Mises's own experiences underscore the need for politically independent institutions that guard and preserve the right to think creatively.

People like the smaller governments and open spaces that suburbia in the Southwest and West provide.

But if investment-conference attendance is any indication, the price of gold and other commodities has a long way to go — up.

On the surface, as the war came to an end, there seemed to be as little hope as ever for the individualist, free-market cause as there had been during the war.

Mises knew that Vienna was in even worse shape than after World War I, and this time lacked the leadership to prevent the rampant socialization of the entire country.

The Fed has been creating money at a phenomenal clip all year with the M-3 (that government no longer reports, but economist John Williams does on Shadowstats.com) growing at a 14-percent rate, a 34-year high.

But considering the future — as embodied by a mob of college-age kids willing to spontaneously party to benefit a 72-year-old grandfather who promises them nothing other than to leave them alone — maybe, just maybe, I should have a little more [hope].

The extent those costs harm the domestic auto industry illustrates what happens to industries in which worker benefits exceed worker productivity. No market participant consistently gambles with economic law and wins, and the UAW has been gambling for a long time.