Mises Wire

Money, Bank Credit, and Economic Cycles by Jesús Huerta de Soto is now available to the Japanese audience and is part of the global spread of Austrian economics.

Is there anything the state won't micromanage? Back in the 1970s, the Feds passed "emergency" legislation imposing daylight saving time. We're still living with this pointless and annoying mandate today.

In a recent article at The Atlantic, libertarianism was singled out and criticized for valuing freedom more than justice. David Gordon explains that libertarianism doesn't value freedom more than justice. It defines justice differently.

Back in January, ECB President Mario Draghi doubled down on his earlier commitment to do "whatever it takes" to prop up the European economy with easy money. He wasn't joking.

Recognizing they have little chance of changing the outcome, people often vote to send a message about themselves. But, whatever the motivation, voting contrasts sharply with market choices where people actually bear the costs of their own decisions.

Human beings like to form cooperative groups to achieve various ends. Research has shown, however, that there are limits to the size and nature of these groups, and this is why the state so often turns to violence.

Politicians like Bernie Sanders find electoral success demonizing a rigged economy they bear personal responsibility for creating.

Laissez faire means: Let the common man choose and act; do not force him to yield to a dictator.

Asking wealthy elites to provide opinions about central banking generally results in reticence on their part. After all, many billionaires became rich or stay rich only because the global economy has been "financialized".

While the declining trend growth in money supply is bad news for bubbles, it is actually great news for wealth generators.