Mises Wire

There really are reasons to believe Trump will steer the Fed in a more hawkish direction.

As yield-starved investors look to longer-dated assets, the biggest risk facing financial markets may be the financial asset duration bubble.

The idea of California secession is buzzing on social media as demonstrators are marching in Sacramento for CalExit.

US general elections are not "the great equalizer." They are designed in such a way that some voters have more influence than others.

Government spending — not the size of the deficit — is the real problem with government intervention in the economy.

With legalization in California now underway, one in five Americans can legally buy and use marijuana in their home states.

Thanks to the rise of decentralized, internet-based journalism, and general public dissatisfaction with "establishment" media, the opinion-molding class is losing its power to mold opinion.

America's success stems from its limitation of state power. Unfortunately, it's not clear that Donald Trump realizes this.

Trump's upset win provides no mandate and does not translate into any general approval for the candidate's agenda.

The states control over deciding who drives and how becomes a lot less relevant in a world of autonomous cars.