Mises Wire

Mises: To seek to organize society is just as crazy as it would be to tear a living plant to bits in order to make a new one out of the dead parts.

Is government spending on infrastructure less of a misallocation than other spending?

Every now and then, I get a letter from a reader that is full of great observations. Here is one of them:

The Chinese regime is broke, so its liquidating its US debt holdings to keep its welfare-warfare state going. The problem is that the US depends on China holding that debt so the US can keep its welfare-warfare state going.

The US government owns immense amounts of dry land, but the US government also owns far larger amounts of ocean floor. Government ownership of such immense amounts of natural resources causes substantial distortions to prices and markets.

Listening to even a small portion of Simple Janet's incoherent babble makes very clear that the nation's central bank is well and truly impaled on its own petard.

Joseph Salerno reviews James Grant's new book The Forgotten Depression — 1921: The Crash That Cured Itself in the spring 2016 issue of The Independent Review.

It's vital to debunk promises of "free stuff" but we often concentrate too much on the "free," and not enough on the "stuff."

We're constantly being told by the mainstream financial media that saving money will destroy the economy. In truth, only saving — which is nothing more than refraining from spending — can repair the damage done by years of easy money and reckless spending.

The Federal reserve has bowed to the interests of Wall Street and the financial sector, yet again.