Mises Wire

Congress enjoys exorbitant political privilege in the form of cheap deficit spending—but it may soon come to an end.

Legal systems matter, and common law better serves a free society than statutory law, with its emphasis upon legal positivism.

Tightening the interest rate hurts both bubble and solid businesses. The Fed should just focus on reducing the money supply.

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.

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. 

When conservatives applaud unlimited war spending, they not only harm our economy and body politic, but they give the Left a powerful talking point.

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."

US foreign policy is a morass of lobbying, payouts, decisions, and power plays that violates the standards this country claims to promote.

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.

Real deflation—both monetary inflation and price inflation—is necessary, and that can only be accomplished if the Fed can resist the temptation to keep doing what it's been doing since 2008.