Mises Wire

The Fed is already living dangerously with its recent hike, and further rises will all but guarantee a credit crisis. 

Californians will be able to vote in splitting the state up this November. Which is great because California needs a huge dose of decentralization.

Without saving and investment, there can be no material progress — which is necessary for cultural progress and flourishing.

The art of financial engineering – camouflaging a rise in leverage to boost present and future earnings – is in high demand.

Trump has exposed the hypocrisy of the "free trade" advocates in China and Europe. But by raising tariffs, Trump and other world leaders are inviting disaster. 

Obesity has skyrocketed since the government became involved in the food pyramid. 

The US is often criticized for supposedly offering a lower quality of life than Europe. But far more Europeans migrate to the US than the other way around. 

Let us see what happens under inflation, and why it happens.

The Dutch Republic transformed the fervor of predestination into faith in personal destiny — and the singularly capitalistic means of getting there.

WWI symbolized the triumph of militarism and nationalism over the all-too-brief flourishing of liberalism — and also sowed the seeds of fascism, socialism, and the Second World War.