Mises Wire

First, money is aggressively printed with the excuse that “there is no inflation.” When inflation rises, central banks and governments tell us that it is “transitory” or due to “multicausal” effects.

Biden's plan to give more money to Central American regimes will do nothing to compensate farmers, businessmen, and others still victimized by the US war on drugs.

Many subscribe to the mistaken belief that the facts speak for themselves, that experience and common sense by themselves can explode false interpretations. The march of Progressivism has proven this fanciful idea wrong. 

There is no place in a free society for a government that sues private citizens for defamation. But even between private parties, defamation suits are often used by the powerful to silence others.

Price "stability" has never been a feature of a free marketplace.  Stability is an obsession of central banks, and the day may come when central bankers intervene to "stabilize" crypto prices. That will be a bad thing. 

Mises University offers students a radical alternative: a week where civilization and truth reassert themselves. In addition to Austrian economics, they receive a grounding in the foundations of a free society, from property and markets to social cooperation to peace.

Today, the political system really is in many ways what H.L. Mencken suggested when he described elections as a sort of "advance auction of stolen goods." The only answer lies in reducing the number of stolen goods available.

Many factors help explain the rise of the West, including both decentralization and the embrace of laissez-faire. But Europe's unusual pattern of family formation is also a likely and important factor. 

Keynes's early critics repeatedly demolished Keynes's theories, pointing  out countless fallacies behind the so-called "new economics." Yet Keynes and his theories only gained in popularity. Why? 

Corporate America—from Facebook to Google to Major League Baseball—got rich by giving the consumers what they want. Now these big firms will use their riches to crush their ideological enemies. That's life in a "mixed economy."