Mises Wire

Experience shows that the Federal Reserve "coordinates" its policies with the Treasury to ensure that the regime gets what it wants from the Fed. 

While the US Constitution made the US a large free trade zone, prohibiting states from erecting trade barriers against each other, it also empowered the central government to erect tariffs on goods imported from outside the country. 

One sign of a fraying society is that its laws increasingly become political tools. The latest round involves Democrats trying to use criminal law in a very questionable way to try to put Donald Trump in prison, while Trump promises to retaliate if he is elected.

The Harris-Walz campaign has adopted “freedom” as its watchword slogan, but it is a version of freedom that is more fitting for something from one of Orwell‘s works than freedom in the classical sense.

The first libertarian revolution succeeded, and we can do the same — but we, too, must have the will to triumph, to accept nothing less than total victory.

A common belief among economists is that the central bank determines what interest rates should be. But is that accurate? Indeed, there is more to the story.

As American culture becomes dominated by militant feminism, a new voting group of dissenters is arising: young male voters. These are young men that believe that the system is stacked against them, which is why Trump's populism appeals to them.

While some economists are lauding the idea of the “entrepreneurial state,” the reality is that such a term turns the very concept of entrepreneurship on its head. By nature, the state cannot act as an entrepreneur.

In its so-called war against “hate,” the state determines who are the villains and then instructs everyone else to hate the “haters.” As one might expect, the state then engages in a campaign of vilification and intimidation against the newly-designated enemy.

Dr. Philipp Bagus explains the main ideas from his new book which defends Misesian business cycle theory from a recent critique.