Mises Wire

Loose monetary policy can appear to work so long as real wealth is expanding. But money expansion weakens wealth creation over time, eventually leading to slower growth, lost wealth, and economic busts.

The whole episode shows the folly of top-down political solutions to social challenges.

While repealing laws and police reforms are important in alleviating mass incarceration, the problem is likely to continue as long as prosecutors are permitted to operate with so few constraints.

Slavery was a monstrously unfair and immoral institution. It was also inefficient, compared to a system based on free labor.

How many people peak after 60?

Dressing up the history of the world, and its economic development, in terms of transaction costs is mostly not very helpful.

In 1986, eight governors threatened to veto deployments of state troops to Central America. Washington generals and politicians responded by further destroying state independence and the Second Amendment's militia clause.

Joe Weisenthal is questioning whether people should be able to deposit their money in a checking account and be paid interest on it — Rothbardians have been saying that for decades. 

When colleges or hospitals are guaranteed payment by a third party, such as Sallie Mae or a health insurance company, it's only natural to raise prices on the student or patient. In these cases, the user's ability to pay becomes almost irrelevant.

The introduction of money does not alter the fact that individuals still have to produce something useful in order to secure some other useful goods for themselves.