Mises Wire

The Fed claims—always without evidence—that everything “would have been worse” without the Fed. Yet history has shown otherwise.

The Roman Empire never doubted that it was the defender of civilization. Americans have added freedom and democracy. Yet the more that may be added to it the more it is the same language still. A language of power.

The US consumer has been adding debt to maintain consumption, and credit card debt has reached new record levels. This is not a strong economy.

Philosopher Harry Frankfurt definitely was not a product of modern academe, where wokeness and outright humbug rule. He understood that the equal-outcomes portion of DEI was neither possible nor desirable.

The ruling classes insist that a country with a democratic government is also a free country. However, democracies also can be tyrannical and despotic. After all, in the final analysis, a democracy is two wolves and a sheep voting on what's for dinner.

Bob continues his feud with George Selgin, explaining why the alleged free banking period in Scotland doesn't show that free-market banks would carry low reserve ratios.

The socialist elites that dominate our institutions insist that private property is nothing more than a social construct held together by violence. As usual, they misunderstand that scarcity itself, which is the basis for economics, is also the basis for private property.

Is charity a right held by everyone or should charity be confined to private, voluntary action within a free market? David Gordon argues for the latter.

As if the government has not done enough destruction in the housing market, there now is a scheme to have the government nationalize second mortgages. Given the previous disaster with primary mortgages, we do not anxiously await the outcome of this proposal.

Ryan and Tho discuss recent European elections, the apparent collapse of the British Conservative Party, and how inflation and immigration are influencing a new generation of voters.