Mises Wire

It is often argued that democracy replaces violent political changes with peaceful ones, but this is not quite as convincing as we are told.

Far from being neutral, inflation leads to changes in political institutions, and these changes push up unemployment over time.

Regulation makes many firms larger and more bureaucratic than they would otherwise be.

There are really two types of asset-price-inflation periods. One is the "boom" type, but the other is the current "depression" type.

Joseph Salerno spoke on "Why Falling Prices Are Good for Business" at Ramapo College in New Jersey on October 4.

The Homestead Acts are often held up as proof of how wise and prudent the federal government can be. The actual history of the Acts is less impressive.

With an election coming, the Fed has lost its enthusiasm for raising interest rates, much to the benefit of the incumbent party.

In the wake of Brexit and other referendum votes that go against the leftist political orthodoxy, elites have decided democracy is a problem.

Our September-October issue of The Austrian covers this year's grim election circus.

Iceland is not the only country coming up with "creative" ways to seize your wealth and income. The US is going down this path as well.