Mises Wire

Were states with legal cannabis to combine to form their own country, it would be—in terms of population—the ninth-largest country in the world, and larger than Russia. 

Both artists and athletes perform for others. When governments get involved it either is for subsidies or censorship. Neither is satisfactory.

Today is the 30th anniversary of the Waco Massacre in which the media and the government self-congratulated each other in absolving the FBI of any crimes. Nothing has changed since then.

After years of inflationary intervention, the Federal Reserve has no more rabbits to pull out of the hat.

Washington elites and especially their media have denounced what they once praised: leaking of official documents that show the government has been lying.

Walter Bagehot, as Jim Grant writes, believed that bankers and central bankers should exhibit financial discipline. He would not recognize today's banking world.

Contrary to Krugman, DeSantis and others warning about a CBDC aren’t being paranoid: they are simply drawing the obvious conclusions from history.

Official Washington and its Court Media are up in arms that someone has told the truth via leaking government documents. They won't rest until he is punished severely.

As markets settle down after the last set of bank failures, political elites claim the crisis is behind us. But it is not over, not by a long shot.

American politicians are beating war drums. They forget that bad relations are costly in many ways.