Mises Wire

The concerns about a bubble implies those shopping for a new home are wondering if they are walking into a trap. Home prices have soared and no one wants to buy at the top. 

We can now see that the rapid growth of the libertarian movement in the 1970s is firmly rooted in the legacy of the American Revolution. But if this legacy is so vital to the American tradition, what went wrong?

The G7's quest for a global minimum corporate tax has highlighted just how much the global elites can't stand what they see as private "monopolies," but also want more monopoly power for themselves. 

Just as the internet needed web browsers before it could really change the world, Bitcoin needed user-friendly interfaces to grow beyond money and towards being the base layer—the “rails”—for decentralized services built on Bitcoin alone.

Federal officials are starting to understand that they can no longer intimidate and threaten their way to universal compliance with covid restrictions.

The experts claimed that if any state ended its stay-at-home orders “prematurely,” its economy would become even more devastated than if it remained locked down. The experts were wrong. 

The shift of money from one market to another market is not instantaneous there is a time lag from increases in money and its effect on the average price increases.

Alcohol sales in Ontario are stuck in a morass of price-fixing and other government controls. 

It's possible to buy fireworks in Wyoming that are illegal in Colorado. So Wyoming merchants have placed a number of huge fireworks shops about two minutes from the border. It's quite convenient for Coloradans planning to ignore local laws. 

Because of past easy-money binges, the pool of wealth may be declining just as prices are increasing. And we're likely to see upward pressure on interest rates. This is bad news, and shows the limits of the Fed's power.