Mises Wire

On the latest episode of Mises Weekends, Jeff Deist and Dr. Michel Accad discuss practicing medicine in the Age of Obamacare.

The Fed has a difficult balancing act. To maintain the current easy-money induced boom, it must not raise rates. But at the same time, it must also act as if it might raise rates some day, or savers will abandon the credit markets.

No amount of fantasizing can make fundamental economic realities go away, no matter how much we put our faith in central banks, government regulation, or technologies of the future.

Today is Ralph Raico's birthday. He is the foremost historian of classical liberalism.

Hendrik Hagedorn and Stefan Kooths write:

It wasn't long ago that the pundits were talking about Venezuela's "economic miracle" which had proved all the anti-socialist naysayers wrong. But with soaring unemployment, inflation, and deficits, the Venezuelan people are unfortunately having to pay for years of ignoring economic reality.

The Federal Reserve told a federal judge in Colorado to dismiss a lawsuit by Fourth Corner Credit Union, blocking marijuana businesses in the state from legal banking services. This is just one of the many legal conundrums the budding industry has had to face since state law branched away from federal law on marijuana.

Currency rates of exchange appear to be moving in response to so many factors that it makes it almost impossible to ascertain where the rate of exchange is likely to be headed.

100 percent-reserve banking is being introduced through the backdoor by U.S. regulators who remain queasy about banks runs in a future crisis.

Violence, whether private sector (i.e., “crime” and non-state “terrorism”) or government sector (war and police actions) ar