Mises Wire

For starters, consider that personal and business reputations might well become even more important in a more libertarian society. Our reflexive aversion to cheats, liars, and secrecy is very much in accord with human nature, and there’s every reason to believe a private legal system would reflect this. In an uncertain world of scarce resources, a lack of trustworthiness in others creates huge transaction costs. This is especially true of our interactions with strangers, where we’re forced to create elaborate legal contracts before doing business-- a handshake no longer suffices.

Mixed martial arts competitions are legal in 49 states, but not in New York where an interest group keeps the sport illegal in an effort to punish a pair of businessmen.

Apple, Facebook, and Google planning lavish corporate headquarters help paint a picture of a stock market top.

George Selgin has written an interesting post on Hayek and free banking. Unfortunately, his otherwise instructive post is marred by a few lapses of scholarship.

Join us online this week for Mises University, our annual high-intensity seminar for college and university students worldwide.

Mises University is now underway at the Mises Institute, and you can keep up to speed on the latest events, talks, and live streaming through our s

In this week’s Mises Weekends, Jeff Deist and Karl-Friedric

Bloomberg catches up with Mises.org and Patrick Barron.

The Chinese translation of In Defense of Deflation by Philipp Bagus—translated by Dr. Yang Nong and Xiong Yue—is finished.

The International Monetary Fund (dominated by the US which has the largest voting bloc, by far) has demanded Europe be more socialistic.