Mises Wire

What makes restitution work well in Japan is that private individuals and groups are much more responsible for controlling crime.

There is a myth that Progressive humanitarians agitated for meat-packing regulations which now protect us from disease. The reality is that the big meat packers themselves wanted regulation to help crush the competition.

To cause a truly disastrous boom and bust with far-fetching real consequences, you need to control the money supply.

The money supply growth rate fell in August, dropping to a 150-month low.  To find a lower growth rate, we need to go back to August 2007, when the rate was 1.59 percent.

James Grant's new book Bagehot: The Life and Times of the Greatest Victorian, reveals there we can still learn a lot from the world that existed before our modern era of central banking.

Rent controls are a recipe for less housing, and unaffordable rents. At least for most people.

The destruction of capital, economic and otherwise, is contrary to every human impulse.

This should be shocking to naïve citizens and those who assumed that “the science” must all support the UN’s temperature goals.

Central banks’ economic models predict deeper negative rates are necessary in the event that a significant recession materializes. This would be a disaster.

When a parent leaves the work force to focus on parenting, this shows up in government stats as lower employment and less consumer spending — suggesting a less productive economy. But that's not what's going on at all.