Mises Wire

Most people will claim to be political and social “moderates” yet actually accept extreme socialist viewpoints.

The recent attacks in Israel are a horrific reminder of how lightly guarded civilization is from savagery.

Even when Congress tries to restrict government agencies from illegally gathering information on people, the agencies simply exploit legal loopholes or just break the law—without consequences.

The boom-and-bust cycles are not natural to a market economy, contra Keynes. Instead, government through monetary manipulation creates them—and then politicians blame markets themselves.

The recent attacks by Hamas on Israeli civilians have led to justified outrage. But will Israel's response also kill innocent people? Murray Rothbard has words of wisdom on this subject.

Popular economic thinking holds that consumer spending is the most important driver of the economy. Actually, demand can’t exist without something first being supplied.

While Hillary Clinton’s call to have Trump supporters “deprogrammed” has been met with snickers, her attitude is in line with most of this country’s governing elites.

Fractional reserve banking allows the Federal Reserve to manipulate the money supply, leading to booms and busts. Central banking is not a defense against business cycles; it is a major cause of them.

The US government doesn't just blow money in the US. Indeed, the reach of its wasteful spending spans the globe, and Congress seems incapable of stopping it.

In this Q and A with Dr. Mark Thornton, we look at where the bubbles are in today's boom cycles—and where it is all headed.