Mises Wire

We have to go back to 1945 and the Second World War to find a time in which government spending is similar to today's panic-driven frenzy of spending in Washington. 

In a free, unhampered market, businesspersons in the pursuance of their goals will not require macroeconomic indicators. Entrepreneurs require an entirely different kind of data than what government data provides.

In this brief interview, Ludwig von Mises discusses the state of the global economy, the Marshall Plan, and the road to recovery.

Because people strive to improve their condition, they exchange goods and, in this sense, they create the necessary conditions for the emergence of prices. Prices are simply an unintended consequence of the human quest to improve one's life.

There won't be a taper tantrum if the Fed seriously moves toward tapering. Investors now understand how the game works. Tapering doesn't actually mean the end of monetary inflation, and everyone knows it. 

Some think that beer's history of regulation begins with hops, but beer has been hemmed in by government red tape for much longer.

The gold standard supposed a limit to the fiscal voracity of governments, and suspending it unleashed the perverse proclivity of the states toward indebtedness and to pass the current imbalances on to future generations.

Fifty years after Nixon closed the gold window, prices are heading toward 1970s-era increases. Yet the Fed cannot increase interest rates as long as the politicians keep creating billions of new debts.

Gold was only included in the plans for the Bretton Woods system because of the veneer of solidity it gave.