Mises Wire

What really concerns the Fed is ensuring rising asset prices for Wall Street while pushing cheap credit to finance federal deficits.

H.W. Brands offers a refreshing detour from the usual smears lobbed at Charles Lindbergh and the America First Committee.

The recent murder of a young woman on the Charlotte, North Carolina, light rail highlights the casual attitudes that progressives in government have toward violent crime. This will not change any time soon.

Privatization is often explained as something the state permits. However, true privatization rejects state coercion in all things, including money.

The key point to bear in mind in the whole tariff controversy is that trade is voluntary. People aren’t forced to trade but will do so only if they expect to benefit from the trade. 

As politics come to dominate more of our lives and young generations grow righteously disillusioned with a system designed to rip them off, we’re likely to see more violence and chaos. It’s a bad path we’re on. But there is a better one.

In “The Making of the State,” Prof. Modugno shows that even as the state was coming into being, historians and scholars understood that it was something new and different and that the state is central to what we now call “modernity,” which is defined by the overwhelming power of states.

Thomas Paine, perhaps more than the nation’s official “Founding Fathers,” understood that government will deteriorate into tyranny unless those it governs are vigilant to keep that from happening.

Washington now faces a double threat: a worsening employment situation and a worsening fiscal situation. Get ready for the Fed to embrace a new cycle of monetary inflation soon.

Inflation isn’t just about higher prices. It is how unwarranted increases in the money supply touches off wealth transfers from those who are less-well off to people who are close to the new injections of money into the economy.