Mises Wire

The North American fur trade is in decline. Unfortunately, many think that the solution is for the government to step in to “protect” trappers from market competition.

It is not money that funds economic activity, but the saved pool of consumer goods. The existence of money only facilitates the flow of savings. Any attempt to replace savings with money ends in economic disaster.

Terrence Malick's new film about conscientious objector Franz Jägerstätter is a subtle film. But perhaps too much so, and we need to look deeper to understand why this one man so vehemently resisted the Nazi state at the cost of his own life.

In spite of all kinds of restrictions and red tape, consumer demand for firearms remains high, and the industry has found a way to meet that demand—through "80 percent lower receivers."

In terms of economics, what currently is should be of very little importance: what matters, and that we should seek to understand, is the process that brought it about and that will create what will be in its place.

Proponents of Medicaid expansion pioneered new ways of covering up the true costs of a government program.

During December 2019, year-over-year growth in the money supply was at 5.53 percent. That's down from November's rate of 5.9 percent, but was up from December 2018's rate of 3.90 percent.

Shortcomings in the government's handling of monetary matters, of credit expansion, and the disastrous consequences of lowering the rate of interest gave birth to the ideas which finally generated the slogan "stabilization."

The great libertarian psychiatrist Thomas Szasz warned that health officials could use their "expertise" to push a political agenda. We're now living in that world.

There's a new kind of capitalism on the scene: "surveillance capitalism." It's drawn attention from across the political spectrum, but Left, Right, and center offer very different solutions to similar concerns.