Mises Wire

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Economic depressions are not caused by a strong decline in the money stock, but by a depleted stock of real savings.

Crack-up booms have historically facilitated the growth of authoritarian political movements. This is not inevitable. But we do need radical change to today's fiscal and monetary disasters.

For Jesus and his followers, private enterprise was there from birth, through life, and to death, providing a refuge of safety and productivity, just as it has in our time.

Workers should have the freedom to take their time off when they need it most. Official government holidays don't actually mean more time off. They just mean less flexibility.

Genuine change will likely come only through muddling through at the state and local level. That kind of work will be instrumental in the creation of decentralized alternatives to our present political order.

Colorado and Washington State have shown governors in the Northeast and Mid-Atlantic how they've been missing out on collecting taxes from cannabis sales.

The hardships from high fossil fuel prices that will be suffered by Americans and others around the world will be a humanitarian crisis that could have been avoided.

The current system of freely fluctuating paper currencies with the US dollar as reserve currency would not have been possible without political centralization of monetary systems. 

The moral corruption of many left-wing intellectuals shows itself in verbal ferocity, exhortations to violence, demonization of opponents, and lack of respect for the dignity of individuals.