Mises Wire

The commandment "Thou shalt not steal" was not to be abolished outright. That would offend too many. So the commandment was simply modified to "Thou shalt not steal—except by majority vote."

This CIA’s omnipotent power to assassinate people came into existence without even the semblance of a constitutional amendment. It was ostensibly enacted by Congress and later acceded to by the Supreme Court.

Eventually, loose monetary policy will damage real savings to the point that the economy can no longer sustain sufficient economic growth. At that point, it will become clear that money printing can't create economic growth.

Is the CIA a dastardly menace or a hotbed of horrible mistakes? If Stephen Kinzer’s new book is any indication, the answer is both.

Europe needs more than ever the principles that made it successful: decentralization, free trade, and sound markets.

The fact that Yalta can now clearly be seen to have been a betrayal is another reason to be wary when pundits and talk show hosts jump on the bandwagon for the next killing spree abroad

Liquidity only disguises risk; it does not resolve solvency issues driven by collapsing cash flows while costs remain elevated.

Capitalists, acting as intermediaries between present production and future consumption, are the key players in every capitalistic economy.

One of the worst injustices committed by states is the prevention of parental teaching of their own children. Parental instruction conforms to the ideal arrangement. It is, after all, individualized instruction.

Many view "the rich" as people sitting on sacks of money doing nothing with it. The truth is capitalists use capital to produce goods and services which benefit the public.