Mises Wire

The Sacrifice of July 1, 1916. The first day of the Battle of the Somme was a human disaster.

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The Fed cannot see the natural rate of interest, but it is right before its eyes.

Economics, as we have now seen again and again, is a science of recognizing secondary consequences.

John Tamny is right that we don't need the Fed. Unfortunately, his new book on the Fed goes off course while explaining why.

During Friday's bloodbath a CNBC anchor lady assured her audience that Brexit wasn't a big sweat. That's because it is a political crisis, not a financial one.

The fact that the US government can tax citizens directly makes the act of state secession far more difficult.

The Bank of England has been less reckless than the ECB. But both the UK and the eurozone economies are fragile thanks to loose monetary policy.

The ballooning size of legislative districts in the US is just one more illustration of how the United States is too large.

Politicians like Juncker and Merkel speak of the EU as if it were a marriage or a family, to which one is bound by some transcendental duty.