Mises Wire

The US fedgov's relentless War on Cash is ongoing. Now one of the primary weapons in that War, the misnamed Bank Secrecy Act of 1970, has been aimed at a prominent former Congressman.

Many still maintain that the developing world is being exploited by free markets, and that the humane solution is more foreign aid. In fact, free markets are nowhere to be found in the developing world, and we find much poverty as a result.

Myths about taxation are just one reason we need good economic reasoning now more than ever.

May 29 marks the 99th birthday of Arthur Seldon, a prolific defender of freedom against government control.

Thanks in part to the California Drought, people are starting to realize that water is not  a limitless resource, and that not even all those government subsidies and graft will make it so. But rapper Jay-Z has not gotten the memo. The NYT reports.

Altruism has commonly been held up as the standard for moral behavior, with those claiming to see deviations from altruism commonly condemning the

Economic populists have become skilled at causing economic calamities while escaping the blame. Instead, it’s the non-populists that end up picking up the pieces while getting the blame for the unemployment and wealth destruction that follows in the wake of populist economic policies.

Thanks to Per Bylund for organizing this excellent session

With recent DC politicking on both the Export-Import Bank and the Trans-Pacific Partnership, we revisit Ron Paul's 1981 essay "The Case for Free Trade" which explains the basics of truly free trade:

Smith was scarcely the founder of economic science, a science which existed since the medieval scholastics and, in its modern form, since Richard Cantillon. But what the German economists used to call, in a narrower connection, Das AdamSmithProblem, is much more severe than that. For the problem is not simply that Smith was not the founder of economics.