Mises Wire

Paper money transforms governments from parasites to predators. Once a government can print what it likes, it no longer needs taxes.

Those who defend the science fiction fallacy of MMT say that if the government cuts the deficit, then the world will run out of US dollars and there will be a global monetary meltdown. This is so ludicrous that it should not even have to be discussed.

The Fed has dominated its own narrative for too long. Help us tell the world about the Fed’s failed record! Become a Patron today!

Some small municipalities in Pennsylvania have disbanded their police departments, so others want to tax them for “depending” on state police. There is an even better course of action: allow private policing.

American culture wars are not the product of religious fundamentalists or even activist groups. They exist because of state interference in the private lives of individuals.

The affordability crisis is upon us. Housing, food, you name it, life is becoming expensive. The government blames business, but perhaps government officials should look in the mirror.

Governments are fond of accusing private firms of “greed” when prices increase during periods of inflation. However, they fail to tell the public that government services also face price increases.

Infamous hyperinflations like what hit Germany in 1923 did not begin as a flood. Instead, they started as smaller bouts of inflation initiated by governments that printed money to pay for deficit spending.

With the ouster of Speaker Kevin McCarthy, the House is in chaos, symbolizing the greater chaos that has enveloped Washington. Instead of looking inward, political elites will become even more outwardly violent.

Rothbard warned against the assumption that because democracies are “better” than dictatorships, they are necessarily more peace loving.