Venezuela’s New Cryptocurrency Is not Really “Backed by Oil”
If a currency can't be converted on demand into the underlying commodity, it's not "backed" by that commodity.
Mises Wire
The Political Economy of Protectionism
Protectionism may provide some short-term benefits to a small number of special interests, but at much greater costs to the rest of society.
Trump’s First Big Economic Mistake
A tariff is a tax on imports. That tax is paid by every American who buys the now-more-expensive product.
Public Labor Unions Are Getting Desperate
Unions' traditional arguments are increasingly seen as faulty, so unions are falling back on ever-sketchier claims about their alleged benefits.
The Rockefellers and Social Security
The Rockefellers and their intellectual and technocratic entourage were, indeed, central to the New Deal.
Jeff Sessions is Wrong: Nothing is “Settled”
Can political arrangements be dissolved peacefully? Legally? At the ballot box? By any mechanism short of outright violence and civil war?
The End of Cheap Debt Will Bring a Wave of Bankruptcies
Even with falling interest rates and high liquidity, there have been spectacular bankruptcies, so imagine what can happen when rates rise.
Thomas Hardy Shows Us The Horror of War vs. The Beauty of Trade
Markets and trade offer far more benefit for ordinary people than participation in the state's wars.
Doctors’ Prescriptions Remain a Key Driver Behind Opiate Addiction
Widespread physician pushing of opioids — combined with government regulations — have increased the most unsafe uses of opioids.
Why Banking Is No Ordinary Industry
Special powers to inflate the money supply — granted by the state — make banking unlike other private industries.
