Mises Wire

In a free market, short-term and long-term rates would move toward convergence. Fed interference with interest rates ensures that won't happen.

President Biden's nonsolution of partial "debt forgiveness" is in limbo, but the slow financial destruction that massive student loan debt is unleashing continues.

The average new home in America was still well over 50 percent larger in 2021 than in the 1960s. Yet in an age of declining affordability, governments won't let homes get smaller. 

Our current deficit policy amounts to "Give me your wallet, and you will deal with the credit card balance later."

This year's trio of Nobel winners in economics are short on actual economics and long on government intervention.

Insurance protects individuals from events that cannot be foreseen. As Murray Rothbard noted, however, deposit insurance exists to "protect" a system that is inherently bankrupt.

Gold historically has not been money by government fiat. Instead, gold has been the natural choice of people for money, something governments cannot undo (despite its best efforts).

We must do the hard work of writing good history which tells true stories about markets, the modern state, decentralization, and the tyranny of government health officials.

The only lesson for the United Kingdom is to remember that if you follow Greece’s economic policies, you get Greek debt, unemployment, and growth.

Academic historians of the "acclaimed" new history of capitalism have a major weakness: their claims do not match the historical record.