Mises Wire

Two days before Christmas, 1913, the infamous "creature from Jekyll Island," the Federal Reserve System, was birthed into our body politic. It has been devouring the economy ever since.

It is no coincidence that the boom in mass-produced goods made specifically for children, "coincided closely with the rise of the middle-classes, industry, and capitalism." 

Jamaicans are willing to accept authoritarian behavior from the state in the name of rejecting colonialism.

Since government regulates nearly everything, it is not surprising that regulations often prohibit the sale and consumption of raw milk. Like many other regulations, these prohibitions reflect political favoritism, not health science.

Residential property taxes attack one of the most fundamental needs and assets in a person's life—i.e., housing—in a way the income tax does not. As the central bank's monetary inflation drives up home prices, property tax burdens increase as well. 

It would be a mistake for conservatives to believe their team will bail out "their guy." In the end, most of those wearing robes are closer to their enemies than their friends.

Nippon Steel's proposal to merge with US Steel is meeting opposition from the usual suspects in Washington, not to mention Tucker Carlson. Their hysteria is off the charts.

Many cities and states in this country have been tearing down or destroying monuments because they represent part of a past that progressives and leftists believe should not have existed. Yet each time we tear down something, we potentially lose part of an important heritage.

It is only among radical classical liberals where we see a sustained support for a natural right to secession and self-determination, consistently applied. This sets the liberals apart from nationalist and conservative secessionists.

The Post-Keynesian School of Economics claims that business and personal debt create instability that sinks the U.S. economy. Private debt, however, is not the cause of boom-and-bust cycles.