Mises Wire

Many governments — including the US — have often inhumanely forbidden families from supplying ransoms to kidnappers to save loved ones. The Obama administration recently, and correctly, suspended the practice of prosecuting families in these cases.

The crash of 1929 came after a decade of interventionist politics following world War I. "Free markets" were blamed anyway. Decades later, we pursue even more interventionism, and when it fails, we blame "free markets" all over again.

There's no Platonic laboratory where "pure" science happens independent of human ideas, motivations, and institutions.

Damian McBride is the former head of communications at the British treasury and former special adviser to Gordon Brown, erstwhile Prime Minister of

As news of Venezuela’s suffering keeps coming through, one cannot help but feel a certain sense of dread. All governments control the money supply to essentially the same extent that Maduro’s administration does. All around the world we have monetary socialism, where national currencies are subject solely to political power. And one cannot help but wonder (and fear) how many more such economic disasters it will take before it becomes clear that socialism of all shapes, sizes, and degrees, is unrealizable, unbearable, and unforgivable.  

Markets are heading dow

Back in March, Peter Brockvar observed that even when the economy seemed to be doing

In this interview, Jim Grant nicely sums in a few minutes the basic problem of using asset price inflation in pursuit of economic enterprise. The problem is this strategy puts the cart before the horse.

Today's discomfiting 1,000 point drop in the DJIA may be the next in a series of shocks for worldwide equity markets. But given the growth in the Federal Reserve Bank's monetary base, US stocks may have a long way down left to go.