European central bankers hate the few rules that restrain the eurozone's profligate spenders. But those rules are what keeps a currently dangerous system from spinning totally out of control.
When it comes to public policy, good outcomes depend on a good grasp of sound economics by the public.
If prices were allowed to adjust to demand, the price of using a given highway would increase when more people want to use it and decrease when fewer people want to use it.
I've received a few questions recently about submission guidelines for Mises Wire, so here are the guidelines.
War and Foreign Policy
The US government wants us all to pay and sacrifice for yet another war. And it's using all the usual old tricks to try and have its way.
Labor and WagesPoverty
We continue to live with the wreckage of failed urban renewal, and Progressive city planning. And the evidence can be seen in the tent cities and makeshift latrines we now see in public spaces.
Big GovernmentProtectionism and Free TradeU.S. EconomyInterventionism
Money and BanksCapital and Interest TheoryMoney and Banking
Ignoring time preference is the fundamental error behind monetary planning. It is why in a successful economy, monetary intervention by the state is kept to a bare minimum, or preferably banished altogether.