Mises Wire

Biden's plan to give more money to Central American regimes will do nothing to compensate farmers, businessmen, and others still victimized by the US war on drugs.

First, money is aggressively printed with the excuse that “there is no inflation.” When inflation rises, central banks and governments tell us that it is “transitory” or due to “multicausal” effects.

Mises University offers students a radical alternative: a week where civilization and truth reassert themselves. In addition to Austrian economics, they receive a grounding in the foundations of a free society, from property and markets to social cooperation to peace.

Price "stability" has never been a feature of a free marketplace.  Stability is an obsession of central banks, and the day may come when central bankers intervene to "stabilize" crypto prices. That will be a bad thing. 

There is no place in a free society for a government that sues private citizens for defamation. But even between private parties, defamation suits are often used by the powerful to silence others.

Today, the political system really is in many ways what H.L. Mencken suggested when he described elections as a sort of "advance auction of stolen goods." The only answer lies in reducing the number of stolen goods available.

Keynes's early critics repeatedly demolished Keynes's theories, pointing  out countless fallacies behind the so-called "new economics." Yet Keynes and his theories only gained in popularity. Why? 

Many factors help explain the rise of the West, including both decentralization and the embrace of laissez-faire. But Europe's unusual pattern of family formation is also a likely and important factor. 

Corporate America—from Facebook to Google to Major League Baseball—got rich by giving the consumers what they want. Now these big firms will use their riches to crush their ideological enemies. That's life in a "mixed economy." 

New York City subways are in deep financial trouble and the quality of service is in a downward spiral. Yet even talking about privatization is verboten.