Mises Wire

By any conventional measures of finance, the Federal Reserve has negative equity. In the long run, cooking the books only puts off the day of reckoning.

While Japan made some technological transfers to these places, prosperity came to them later, with the advent of free-market economies.

The combination of higher rates and declining optimism about the economy, plus slumps in equity, private investments, and bond valuations, is going to inevitably lead to a massive crunch in access to credit and financing.

A century ago, Argentina was one of the world's wealthiest nations and the Argentine peso rivaled the dollar. Today, Argentina is famous for periodic hyperinflation.

It is the right of the consumer, not the regime, to determine what lighting sources work best for them.

Modern Western culture is dominated by demands for "social justice." But how does one even define this term, and does social justice even produce justice in the end?

Another mass shooting, another call for gun control. However, when it comes to mass killings, Washington sets the sorry example.

As the US government debases the dollar, other nations take notice and possibilities increase that another currency based on sound principles might emerge.

Taxpayer-funded company Dominion is suing private parties for saying things the company doesn't like. These lawsuits illustrate how defamation laws can be used to destroy free speech.

Contrary to the worldview of progressives, taxation and the coercion it brings are not part of a "social contract." Instead, they are implemented by force.