Mises Wire

Austrian Bailout Package—Part A Revised

I’ve been amazed at the sheer numbers of otherwise sensible people who seem to be under the impression that paper credit–not savings and capital–is

The Ayn Rand Institute’s op-ed, The Real Lesson of the Great Depression

One dreads pointing out the exceptionally obvious to the US Senate, but expanding deposit insurance takes us in the opposite direction of where we need to be.

In the movie Matrix, when a deja vu happens, it is supposed to indicate a change in the Matrix.

Austrian Bailout Package—Part A

Since IP causes only about $40 billion or so a year damage to the economy, I hereby withdra

House rejects the bill.

Note another thing that the bailouts represent: special privilege to particular market players to protect them from failure.

One might hope that the massive public opposition to the bailout would sway conservative opinion against the bailout but no such luck.