Mises Wire

Our flawed economic measure called GDP leads to a flawed and skewed view of the economy in which consumer spending is the most important metric.

Just two metro areas in Virginia reported more homicides than all the rest of the state combined.

In order to remove the threat of secular stagnation what is required is to shrink government outlays and to close all the loopholes for the creation of money out of thin air.

Judy Shelton may be a tolerable—at least to Republicans—candidate for the Federal Reserve Board of Governors.

Entrepreneurs are the reason consumers have come to expect new gains and innovations in products and services every year. Without entrepreneurs, we'd still be using rotary phones.

It is possible to determine in terms of money prices the sum of the income or the wealth of a number of people. But it is nonsensical to reckon national income or national wealth.

Many mortgages have not just been modified once, but twice, and sometimes more. Loan servicers are holding higher-end mortgages rather than foreclosing a decade after the crash. Thus, there is plenty of shadow inventory lurking, waiting for the next crash.

Although the term “sanctuary” implies comparability to local jurisdictions that refuse to participate in the enforcement of some federal immigration laws, the similarities don’t go beyond the name itself.

How much licensing requirements are designed to “protect” the health of the public, and how much to restrict competition, may be gauged from the fact that giving medical advice free without a license is rarely a legal offense. Only the sale of medical advice requires a license.

Monetary affairs have always been subject to government intervention of one kind or another, but there is no reason money could not be produced and regulated in a free marketplace.