A Lesson From the Greek Crisis: Safe Deposit Boxes Are Not Safe
Last week the Greek government imposed capital controls to prevent cash from escaping from the Greek banking system, which is on the brink of collapse.
Mises Wire
The Black Hole of Defense Spending
The only thing defense spending actually defends are the profits of defense contractors.
Piketty Interview Inadvertently Shows How Centralization Fails Europe
European integration supposedly represented the end of nationalist tensions—and the dawn of a new era for a continent still deeply shaped by two wars. The Eurozone supposedly bolstered economic power and prosperity, harnessing the trading power of several nations into one competitive superstate. And the Euro supposedly created a currency that would rival the dollar as a global force.
Greece Illustrates 150 Years of Socialist Failure in Europe
The Greek crisis illustrates the latest failure in Europe's attempts to build a lasting prosperity through consumption and redistribution of wealth. It's been going on for 150 years, and it remains to be seen if Europe will learn anything from the present crisis.
Fannie Mae and Freddie Mac CEOs Get Huge Pay Raises
Back when I was an economist for the State of Colorado, I sat on a panel/task force in 2006 in which some of the left-ish members suggested a new tax on Fannie and Freddie to pay for subsidized housing. The Fannie and Freddie reps were indignant.
Puerto Rico: America’s Greece?
Puerto Rico owes $70 billion to various creditors, including American hedge funds and other funds. Puerto Rican debt has been downgraded to junk status. Whether or not Puerto Rico is America's Greece is rather debatable.
Happy Bithday Lew!
Today is the birthday of Lew Rockwell, the founder of the Mises Institute and a major figure in the Ron Paul movement.
The Pentagon’s Latest War Plane Is Terrible at War — But That’s Fine With Congress
The latest black eye for the mega-expensive F-35 warplane is a recent report noting the mediocrity of the plane in air combat situations.
Economic Harmony and Disharmony
Frederic Bastiat saw that the economic disharmony of coercion destroys the economic harmony of freedom.
Do People Still Believe that Stuff About the Supreme Court Being Above Politics?
There are three groups of people who believe that the Supreme Court does not make decisions based on personal whims, personal ideology, pressure fr
