Mises Wire

Were states with legal cannabis to combine to form their own country, it would be—in terms of population—the ninth-largest country in the world, and larger than Russia. 

Both artists and athletes perform for others. When governments get involved it either is for subsidies or censorship. Neither is satisfactory.

After years of inflationary intervention, the Federal Reserve has no more rabbits to pull out of the hat.

Today is the 30th anniversary of the Waco Massacre in which the media and the government self-congratulated each other in absolving the FBI of any crimes. Nothing has changed since then.

Walter Bagehot, as Jim Grant writes, believed that bankers and central bankers should exhibit financial discipline. He would not recognize today's banking world.

Washington elites and especially their media have denounced what they once praised: leaking of official documents that show the government has been lying.

As markets settle down after the last set of bank failures, political elites claim the crisis is behind us. But it is not over, not by a long shot.

American politicians are beating war drums. They forget that bad relations are costly in many ways.

With negative growth now dipping below negative 6 percent, money-supply contraction is approaching the biggest declines we've seen in decades.

Contrary to Krugman, DeSantis and others warning about a CBDC aren’t being paranoid: they are simply drawing the obvious conclusions from history.