Mises Wire

The Virginia Tech Professor who blew the whistle on lead in the water in Flint, MI thinks "public science" has been broken. Not knowing its been a broken system all along.

Will the libertarian message get swept under the rug over the next year, as the candidates unleash an orgy of statist rhetoric?

Lately, the Fed has been more and more involved in directly funding the Federal government by handing over Fed revenues to the Treasury. In fact, the Fed is handing over enough money to fund the entire food stamp program, and then some.

The public has been successfully conditioned to view the use of cash as something suspicious. Meanwhile, thanks to growing pressure from government, private business now often considers cash to be more trouble than it's worth.

If man reconsiders freeing himself from the supremacy of reason, he must know what he will have to forsake.

In 2016, the Fed's annual stress test on banks will include a scenario in which the interest rate on the three-month U.S. Treasury bill becomes negative in the second quarter of 2016 and then declines to -0.5%, remaining at that level until the first quarter of 2019.

Joe Salerno's article, "A Reformulation of Austrian Business Cycle Theory in Light of the Financial Crisis," is now available in a Polish translation.

The United States is notable for incarcerating a very large portion of its population compared to other countries. Surprisingly, this may increase homicide rates and lead to enclaves of ex-cons which would help explain why so many homicide victims have criminal records.