Mises Wire

Had Republicans not vastly expanded federal criminal law during the infamous Wall Street prosecutions 40 years ago, lawfare would not have become such a potent political weapon.

In this review of Scott Horton's book, Enough Already, we see that the wars the US has waged for the past quarter century in the Middle East have been a disaster. Millions of deaths and a massive refugee crisis later, the unmistakable verdict is in.

Are Austrian economists clinging to an old-fashioned view of banking? In short, no, and here is why. 

Murphy lays out the various camps in the debate over fractional reserve banking.

Money-supply growth accelerated year over year in August by the largest amount in 23 months. The days of falling money supply growth rates are over. 

Kamala Harris claims that she simply wants food prices to be lower. However, her de facto price fixing scheme would create food shortages and raise the real price of food. Of course, when that happens, Harris simply will blame capitalism.

David Gordon takes another look at Thomas Nagel's Equality and Partiality. While he finds some of Nagel's arguments appealing, they still are inferior to Murray Rothbard's systematic interpretation of natural rights.

There are numerous critics of the Austrian School of economics, but when their disparagements are closely examined, the so-called experts themselves are wrong. Austrians can do a better job of setting the record straight.

Ryan, Tho, and Zach Yost talk about some recent efforts by Polish lobbyists to shame Americans into spending more treasure (and maybe also American lives) on waging wars for Eastern European states. 

Does it matter if a central bank is privately owned? No, it makes no difference. Public or private, central banks give the state what it wants.