Mises Wire

When I look back on my experience at the 32nd Precinct I see real “peace officers” at work. No SWAT raids, no armored vehicles. Just cops getting by with their wits, guts, and courage.

While government spending re-allocates and distorts resources, it is not necessarily inflationary. Inflation really just stems from money creation and fractional-reserve lending carryied out by central banks and private banks — thus creating money "out of thin air."

Since we don't know the future, all investment is a type of speculation, and this doesn't mean banks are behaving nefariously when investing other people's money.

The UK has plenty of opportunities to thrive outside of the EU’s jurisdiction.

Keynesian economics is the economics of debt-addicted, lower-class spendthrifts: modern governments.

The US government clearly wants to invade Venezuela. But oil is likely not a significant reason, in part because Venezuela's oil is hardly the gold mine some think it is.

Programs like Medicare are a great deal for early participants, but they create huge liabilities for taxpayers later down the line.

Steven Kates has composed a modern version of Leonard Read’s classic essay “I, Pencil.”

The recent controversy over Jeff Bezos has spawned an interesting debate among free-market economists on whether blackmail should be legalized.

When the topic involves poverty, bank failures, unemployment or inequality, the advocates of fashionable policy implore us to take immediate action, almost regardless of the costs down the line. Enter climate change and this seemingly changes everything.