Mises Daily

The special interests on the left and the right ignore the history of water in the west and the failings of the present system.

Most economic commentators blame weakening economic data on recent bad weather in the US. Many assume it will improve once consumers can go out and spend again. But it’s more likely weakening trends are in response to the emerging economic bust brought about by a decline in the growth momentum of the money supply.

Fixing things ourselves is often a costly process because the act of repairing something is often a recreation of the manufacturing process. Getting a machine back to working, you tread the same steps that were done at the factory. The problem is, the manufacturer will always be better at putting together machines.

Austerity to a politician means higher taxes on personal income and small businesses; never the sacred government trough. Keynesian stimulus does not work. The IMF-inspired austerian approach does not work. Real austerity means eliminating regulators and regulations, cutting taxes, and selling government assets.

A central-bank induced boom cannot continue forever. The piper must be paid.

The greatest promotional offender is not the marketplace, but the arm twisting by government.

The decision to delay small employer mandates, but embrace reduced future labor supply is an example of bad economics, but good politics.

Surveillance programs by a secret court violates the requirement for “due process of law.”

From the context of natural rights, government has no justification in forcing you to pay for a charity you would not fund voluntarily.

The legalization of cannabis in Colorado has opened up new markets beyond the buying and selling of recreational drugs.