Mises Wire

As a trade war heats up between the US and the EU, both regimes rush to victimize their own populations.

Unlike government police, private firms often suffer falling stock prices and falling revenues when running afoul of public expectations. 

Capitalism doesn't have to be implemented in a "pure" form for its benefits to be realized. Meanwhile, socialists must make excuses for repeated failures.

The first thing to remember is that monetary chaos is not primarily “international” at all. It exists basically within each nation.

Mises advocated free banking because he thought it would restrain fractional reserve banking, which he viewed as the cause of unsustainable booms.

Taleb contends that you shouldn’t put someone else’s skin in the game without putting your own in it as well.

Argentina is faced with a model that has disproportionately increased the tax burden on the most productive sectors to subsidize the lowest productivity sectors.

So, today, we stand near — how near we don’t yet know — the edge of a dangerous financial precipice.

Under the "Hindenburg Program," economic and industrial interventionism became absolute in Germany. Thus the ideal of "total war" was realized.

As far as the currency exchange rate determination is concerned, the essential variable is the relative changes in the purchasing power of various monies.