Mises Wire

Markets are heading dow

As news of Venezuela’s suffering keeps coming through, one cannot help but feel a certain sense of dread. All governments control the money supply to essentially the same extent that Maduro’s administration does. All around the world we have monetary socialism, where national currencies are subject solely to political power. And one cannot help but wonder (and fear) how many more such economic disasters it will take before it becomes clear that socialism of all shapes, sizes, and degrees, is unrealizable, unbearable, and unforgivable.  

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Economics has been in trouble for decades, ever since mathematics replaced what should properly be known as economics. In many ways, the science was killed, but it's not dead enough for some anti-economics leftists who want all of economics to be abandoned permanently.

Not surprisingly, during the 2012 election, Ron Paul was the only laissez-faire candidate when it came to immigration.

Some states are attempting to take control of federal lands within their own borders. But even if the states succeed at this, fewer federal expenditures on federal lands won’t translate into lower taxes for anybody.

[From an interview with Ron Paul (about

The port city Gloucester Massachusetts Chief of Police announced that he was no longer going to arrest hard drug addicts and that indeed his police force would now work to help drug addicts get help

Comedian Alan King whips out Ludwig von Mises’s obituary in