Mises Wire

What happens when banks lend money? It depends the lending process itself. If lending comes about because of an expansion of credit, then it creates problems.

Even while Americans deal with skyrocketing higher education costs, few would challenge the worth of college and fewer still question the campus culture. Yet, that is precisely where the problems lie, even if people don't recognize it.

Being right is not enough. Economics must appeal both to truth and beauty, which are inescapably linked.

Turkey's economy is reeling under inflation rates likely reaching 170 percent. Not surprisingly, the worst of it is felt by regular people just trying to make a living.

Ukraine not only is famous for its current war with Russia, but also for being one of the most corrupt states in Europe. Cutting taxes may reduce the underground economy.

Former Fed chairman Ben Bernanke and two other economists have received the Nobel in economics this year. Their work on banking is weak on causality and fails to recognize the damage done by the central bank.

More than thirty years ago, Japan Inc., seemed like a global economic juggernaut. Today, no country fits that category, thanks to massive government spending and economic intervention.

Researchers that are skeptical of many current climate change narratives are derisively called "deniers." However, because skepticism itself is a foundation of scientific analysis, skeptics tend to be rational-analytic thinkers and less likely to embrace false theories.

Hyperinflation? Yes, it can happen here, and the more officials deny hyperinflation is possible, the more they create the conditions that causes it.

So, if we're going to talk about secession, then, it's also important to explicitly address the issue of "what is the correct size of states." Is smaller better?