A Tale of Two Legal Systems: Common Law and Statutory Law
Legal systems matter, and common law better serves a free society than statutory law, with its emphasis upon legal positivism.
Mises Wire
The Fed’s Tightening Will Only Drag Out the Economic Slump
Tightening the interest rate hurts both bubble and solid businesses. The Fed should just focus on reducing the money supply.
Rising Interest Rates May Blow Up the Federal Budget
Congress enjoys exorbitant political privilege in the form of cheap deficit spending—but it may soon come to an end.
War Spending Gives MMTers and the Left a Strong Talking Point
When conservatives applaud unlimited war spending, they not only harm our economy and body politic, but they give the Left a powerful talking point.
The Austrian Economics Meeting Europe Got a Taste of Cancel Culture
Many think cancel culture is an odd particularity of the Anglosphere. Unfortunately, it raised its ugly head at this year's Austrian Economics Meeting Europe held in Lithuania.
Powell Is the New Arthur Burns, Not the New Paul Volcker
With his current timid, weak, and prevaricating position on price inflation, Powell is positioning himself as the new Arthur Burns, who did nothing to end 1970s inflation.
The Great Reset in Action: Ending Freedom of the Press, Speech, and Expression
Governments never have respected rights of free speech. Today, they restrict freedom of speech and of the press and promote falsehoods in the name of "protecting truth."
Who Really Makes US Foreign Policy? Who Benefits and Who Loses?
US foreign policy is a morass of lobbying, payouts, decisions, and power plays that violates the standards this country claims to promote.
How Bad Were Recessions before the Fed? Not as Bad as They Are Now
The Federal Reserve was supposed to prevent recessions that people blamed on the lack of central banking. Not surprisingly, the post-Fed recessions have been worse.
Economic Winter Has Arrived
The Federal Reserve is raising interest rates and we know what follows, given there has been more than a decade of malinvestments building up: severe recession.
