Mises Wire

Frank Shostak
This increase in the money supply — not changes in prices — is what sets in motion the misallocation of resources.
Alice Salles
Thanks to over-use of prescription painkillers, many patients are becoming addicts who must later turn to illegal drugs to get their next fix.
Ilana Mercer
The South Africans once flirted with a decentralized, federal structure. The United States meddled to make sure that didn't happen.
Nick Giambruno
Italy is a weak link in the eurozone economy that points toward both economic and political disintegration in the future.
Laurence M. Vance
Some freedom is better than no freedom, but the lengths to which governments will go to regulate legal marijuana is amazing.
Mises Institute
Now in mailboxes, the May-June issue of The Austrian is also now online.
Matthew McCaffrey
The classical liberals knew the only way to avoid the cycle of war is to oppose imperialism and to advocate peaceful commerce between nations.
C.Jay Engel

The ECB's policy statement was meant to communicate that everything was going strong, but not strong enough to slow down the monetary expansion.

Blaine Conzatti
Higher energy costs mean less money for raising wages for workers, hiring new employees, purchasing more inventory, or investing in capital.
Chris Calton
Before endorsing a legal system, libertarians must first figure out what justice is. The natural-law framework is one way of figuring this out.