Mises Wire

Central banks are in the business of price controls through monetary policy. But, when monetary policy fails, as it is doing now, central banks may look toward more broad forms of price controls as well.

California is on the verge of increasing the statewide minimum wage to $15, from $10. According to one pro-minimum wage policy advisor, "It would mean a raise for one of every three workers in the state."

Due to over prescription of legal opiates, many patients become addicted and end up turning to illegal opiates like heroin. Overdoses and other tragedies soon follow.

People are not supposed to notice that every terrorist attack represents a major government failure and that rewarding failure with more of the same policies only invites more failure.

Statistics, so vital to statism, its namesake, is also the State's Achilles' heel.

Terrorism gripped the headlines again as terrorists struck Brussels, but this latest colossal security failure for Europe and the West is not likely to lead to an evaluation of the value of state security.

In an unhampered economy, we would measure economic progress by a need for fewer work hours and fewer jobs. In our mixed economy, it's impossible to say whether more jobs reflect an improving or a worsening economy.

Tibor Machan, a leading libertarian philosopher, has died.

Whenever government wants to raise taxes, it immediately threatens to cut the most popular government programs first, if it doesn't get its way. Thus, the governor of Louisiana says he'll cut LSU's football program.

The nullification of federal drug laws by Colorado, Washington, Oregon, and Alaska has for years been flipping the usual narrative on political parties in the United States.