Mises Wire

From the state to private corporations, many groups benefit from marijuana prohibition. And, they will fight to keep marijuana illegal.

It is impossible to isolate the "natural rate" and policies aimed at an unknown interest-rate target end up increasing instability.

The TTIP is the latest agreement in which the voters and taxpayers are prohibited from seeing the laws they will soon be forced to follow.

As in much of the globe, central bankers in Britain are quickly replacing elected politicians as the most visible and powerful public officials.

Not understanding how politics works will prove to be much more harmful than ignorance about how markets work.

We are less than a month away from the election and it can not be over soon enough.

People have a natural preference for having good things now instead of having them later. This is a problem for advocates of negative interest rates.

We can have free trade now by declaring it unilaterally. The motto should be: liberalize first, negotiate later.

We allowed economics to be lost when we decided it was too complicated and too technical for intelligent laypeople to understand.

Repealing the 17th Amendment will not change the US Senate into a hotbed of decentralizers and free-marketers.