Mises Wire

This week, the Texas Attorney General Ken Paxton, following the lead of New York and a growing number of state governments, denounced daily fantasy sites as "illegal gambling."

The Federal Reserve's inflationary monetary policy has so eroded the value of US coinage that those small coins aren't even worth producing anymore.

Supply siders are always so cocksure of themselves that it is fun to gloat a little — alright, a lot — when their forecasts go awry, which they frequently do.

Thanks to easy credit, automobiles have become very complex and luxurious, and brimming with safety features. The cost of producing these cars, however, won't keep prices from falling once the bubble bursts.

Lego has finally managed to attract girls to their products with the Lego Friends line. In response, feminists have denounced the line for being too "girly." But Lego is just responding to market demand and what Mises called consumer sovereignty.

On the southern side of the border, Mexican gun control leads to some of the worst homicide rates on earth. Meanwhile, just north of the border, local communities have some of the lowest homicide rates in the world. 

The global economy continues to wrestle with deflation, with

For some people, there's nothing that can’t be improved by a big dose of government regulation. Now, even the virtual economies of video games are being targeted as the next frontier in labor laws, price controls, and more.

The "true money supply" measure is a measure of the money supply pioneered by Murray Rothbard and Joseph Salerno and is designed to provide a better measure than M2.