This is an entertaining video put out by the European Central Bank. It discusses what inflation is and how it can be controlled. But it is entertaining on a number of levels, not the least of which is that it is shot through with subtle fallacies and self-serving avoidance of the topic of what it is, precisely, that creates new money. It also completely misconstrues interest rates, which are said here to be nothing but the price of money established by the central bank.

I have received quite a few comments on my 12/8 article about the Libertarian Immigration Conundrum (discussion here). A common argument against open borders goes something like this: “If X million [non-wanted] immigrants would occupy your country, would you then be so prone to advocate ‘open borders’?”

It would take another article (here is the original and discussion on it) to respond to all the bogus claims of the FairTax supporters. However, I would like to settle once and for all, as simply as possible, the dispute about the FairTax percentage—whether it is 23 percent or 30 percent.

According to this article, Richard Branson‘s Virgin Galactic space venture will set up shop in the Southwestern US. Unfortunately,

“New Mexico announced an agreement Tuesday for the state to build a $225 million spaceport.”

The alleged war on Christmas, and the first real war as waged by Massachusetts Puritans in the 17th century.

Listen to the Audio Mises Wire version of this article.

Ludwig von Mises: ”A free man must be able to endure it when his fellow men act and live otherwise than he considers proper. He must free himself from the habit, just as soon as something does not please him, of calling for the police.”

An interview with Lord Browne, CEO of BP, gives a sense of the costs which the anti-capitalist mentality imposes on business.