Mises Wire

The world's largest container ship just entered a US port. Just in time for record low levels in the Baltic Dry Shipping Index, which is a measure of how much ships can charge.

About half of the states pay for government spending in the other half.

My neighbor Sam is deeply in debt. But, he tells me that he owes all that money "to himself," so he thinks it's not a problem. I think he's in deeper trouble than he thinks.

Nine cities in Romania rank in the top 15 in the world with the highest speed of Internet connection. According to Bernie Sanders, this is "unacceptable and must change."

Remember Cecil the Lion? The backlash over Cecil may have reduced hunting in the region. But, as anyone familiar with how wildlife economics works, that hasn't saved any lions from death. It simply now means those lions must be culled by other, more painful means.

Taxes usually aren't terribly popular with the people who pay the taxes. Fortunately — from the government's perspective — the central bank is there to help tax the people more without their noticing.

In celebration of what would have been his 90th birthday, the Rothbard Reader is a new collection of the best of Murray Rothbard.

A new working paper by Academic Vice President Joe Salerno, "The Development of the Neutral Money Concept: The Austrian School Further Dehomogenized" is now available.

Municipal waterworks are government-run and government-owned, and generally an extension of local governments. But, bizarrely, when something goes wrong, it's somehow the fault of the private marketplace.

It is high time to turn to Rothbard in the search for advice. His recipe for dealing with depressions and how to avoid turning a recession into a depression is of timeless relevance.