Mises Wire

Mexican politicians are claiming Mexican nationals are unsafe in the US. Meanwhile, Mexico's homicide rate - fueled by strict gun-control laws -  has soared to five times that of the US.

In Christine Lagarde and Philip Lane, the EU has two new central bankers who will push the limits of what central banks can do.

Most Americans say crime has gotten worse over the past decade. They're wrong. Moreover, the focus on mass shootings appears misplaced when mass-shooting deaths make up less than one percent of all homicide deaths.

Proposals to ban single-use plastics is yet another triumph of symbolism over substance. Unfortunately, while the benefits are largely illusory, the costs are quite real.

Recycling isn't free. It requires the use of time and resources, many of which end up wasted. But politicians keep insisting that recycling is always a win-win, even though we have many examples to the contrary.

When it comes to Baltimore being a haven of appalling violent crime, Trump's not wrong. Although it has strict gun control laws, Baltimore's homicide rate is comparable to that of El Salvador and Venezuela.

As Murray Rothbard so rightly put it, minimum wage laws translate into “compulsory unemployment.” They don't provide any jobs. They only outlaw them.

Qualified immunity is the clearest example that the rule of law is dead (or, perhaps, never existed); government officials live by one set of rules, and the rest of us live by another.

With its latest rate cut, the Fed is either caving to pressure from the Trump administration, or the Fed is admitting the economy is weaker than stated. Or the Fed simply doesn't know what's going on.

There is no reason to believe the next 30 years will be any different. Banks will create booms, the little banks will be allowed to fail, while the large banks are bailed out.