Mises Wire

A strategy for liberty must be both optimistic and realistic. Murray Rothbard understood that important point and laid out strategies and their moral justification.

On this day ninety-one years ago President Franklin D. Roosevelt via executive order seized gold legally held by Americans, criminalizing the use of sound money. Our economy and our nation has never recovered from this act.

While government officially measures inflation using weighted averages incorporated into the Consumer Price Index, in truth it is impossible to establish an average price level. It really is the proverbial apples-to-oranges comparison.

States know that treason and sedition laws are about much more than matters of law and order. They are essential components of enhancing state power. 

F.A. Hayek coined the term spontaneous order to point out that the prosperous societies are also societies where people are free to pursue their own goals. The result is, ironically, harmony that cannot come about through central state planning.

In this review of Edward Chancellor’s The Price of Time, Joakim Book notes that a market economy cannot function correctly when central bankers manipulate interest rates.

"Conspiracy to commit X" is not "X." Rather, conspiracy crimes are "crimes" of words and thoughts that can be prosecuted even if there is no victim and no underlying crime actually occurred. 

According to a recent 60 Minutes broadcast, Russian agents are suspected of launching microwave rays at US diplomats abroad. The problem is that many of these stories are technologically implausible. Maybe skepticism is in order here.

It’s official: the Department of Treasury is now issuing debt at pandemic levels. It’s worth noting the pandemic record was double the previous record, which had stood for 231 years.

F.A. Hayek’s classic The Road to Serfdom was published eighty years ago. Critics then called Hayek a “reactionary.” Today, he is looking more and more like a prophet.