Mises Wire

The Berlin “housing crisis” has, of course, many causes. But most, if not all of them, are government made. Unfortunately, however, people blame “capitalists” for their plight.

Beef has become more expensive than pork. Could fiat money have driven resources toward pork-centered "factory farms" and away from less capital-intensive beef production?

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The state is making people dependent on it, both as means for control and as an outcome of many policies intended to provide relief.

Hopefully, increased interdependence and overlapping interests will help to shape a future of stability in Europe and continue the precious absence of another major war on the continent.

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The debt ceiling served an important historical purpose. It continues to serve this purpose today. Raising it without limit is not necessary and is a dangerous precedent.

Raising the debt limit will only delay the inevitable while courting fiscal and monetary chaos: higher interest rates, cuts to social programs, a declining dollar, and price inflation. 

“Covid,” “global warming,” “overpopulation,” “domestic extremism”—the crisis may change, but the playbook remains the same. But we can change the outcome.