Mises Wire

Joseph T. Salerno

A few hours ago, a Greek minister for administrative reform,

Jeff Deist

European integration supposedly represented the end of nationalist tensions—and the dawn of a new era for a continent still deeply shaped by two wars. The Eurozone supposedly bolstered economic power and prosperity, harnessing the trading power of several nations into one competitive superstate. And the Euro supposedly created a currency that would rival the dollar as a global force.

Patrick Barron
My advice for Greece and all of Europe in the wake of the Greek "no" vote.
Joseph T. Salerno
Last week the Greek government imposed capital controls to prevent cash from escaping from the Greek banking system, which is on the brink of collapse.
Matthew McCaffrey

The only thing defense spending actually defends are the profits of defense contractors.

Patrick Barron

The Greek crisis illustrates the latest failure in Europe's attempts to build a lasting prosperity through consumption and redistribution of wealth. It's been going on for 150 years, and it remains to be seen if Europe will learn anything from the present crisis.

Ryan McMaken
Back when I was an economist for the State of Colorado, I sat on a panel/task force in 2006 in which some of the left-ish members suggested a new tax on Fannie and Freddie to pay for subsidized housing. The Fannie and Freddie reps were indignant.
Ryan McMaken
The latest black eye for the mega-expensive F-35 warplane is a recent report noting the mediocrity of the plane in air combat situations.
Ryan McMaken
Puerto Rico owes $70 billion to various creditors, including American hedge funds and other funds. Puerto Rican debt has been downgraded to junk status. Whether or not Puerto Rico is America's Greece is rather debatable.
David Gordon

Today is the birthday of Lew Rockwell, the founder of the Mises Institute and a major figure in the Ron Paul movement.