Mises Wire

Some NATO members are hinting that they're not really willing to fight wars for the sake of other NATO members. 

Ludwig von Mises writes on how Carl Menger foresaw the destruction of Europe due to its rejection of capitalism and classical liberalism.

It’s laudable when we give gifts that are truly ours to give. This should not be confused with giving away the property of others. In either case, if we want more wealth to give away, we have to produce wealth first.

Robert Luddy explains today at The American Spectator how the Fed's fixation on promoting price inflation is a big problem.

For the IRS and the federal government in general, the Drug War is just the gift that keeps on giving since the high tax rates can be traced back to a 1980s-era anti-drug law.

Between conflicts with Eastern Europe, and the threat of a Birtish exit, the EU has some real problems. 

Whether we're talking about central banks or the US Supreme Court, governments everywhere continue to centralize power in the hands of the very few. The problem with this, though, is that successful central planning is impossible and leads to economic chaos.

It all boils down to one thing: the reason the big banks have gotten so large is because the banking industry in the United States was purposely designed to be a highly concentrated oligopoly.

The authors of Crisis Chronicles: The Panic of 1819—America's First Great Economic Crisis have updated their article to explicitly include Rothbard as a source.

This little known chart is the Fed's attempt to anticipate a recession in the US economy. The reading from last November is only 3.84%, but that is higher than all but 3 months when a recession did not immediately proceed.