Mises Wire

The US dollar continues to enjoy the confidence of markets, governments, and central banks. But faith in the US dollar is weakening, and many are trying to help the process along.

Central bankers like Alan Greenspan seem to think central bankers can be trusted to act with restraint. That's a risky plan, especially given that true and reliable constraints could be put on the money supply by adopting commodity money.

"Libertarianism" is very much a part of what is now known as "classical" liberalism — the influential free-market ideology of the nineteenth century whose effects and legacy are still felt today.

Rising property values are nice for those who own property, but they raise the barriers to home ownership and business startups for everybody else.

While it’s easy to see how much we’re spending over there, it’s harder to see what we could be doing with all of those resources if we weren’t creating more problems abroad. We need to transform the way we think about our foreign policy and take Bastiat’s cue to try to “see the unseen.”

If Austrian economics seems daunting, just read Hazlitt.

Central banks have been at the center of the world's rapidly inflating housing prices.

These are the two major policies of financial repression currently in use: negative interest rates and quantitative easing.

A prudent strategy would be to demand an end to the US policy of using its enormous military to constantly threaten, invade, and coerce foreign nations. Fortunately, a military like that is unlikely to cost a trillion dollars per year.

Among themselves, libertarians often see important dividing lines among various factions in terms of social views and lifestyles. But most on the outside define libertarianism as being overwhelmingly for one thing: excessive and "dogmatic" devotion to free markets.