Mises Wire

President Biden's nonsolution of partial "debt forgiveness" is in limbo, but the slow financial destruction that massive student loan debt is unleashing continues.

In a free market, short-term and long-term rates would move toward convergence. Fed interference with interest rates ensures that won't happen.

Responding to an attack on Ludwig von Mises in the socialist publication Jacobin, Professor Wiśniewski corrects the errors and sets the record straight.

Our current deficit policy amounts to "Give me your wallet, and you will deal with the credit card balance later."

Gold historically has not been money by government fiat. Instead, gold has been the natural choice of people for money, something governments cannot undo (despite its best efforts).

Insurance protects individuals from events that cannot be foreseen. As Murray Rothbard noted, however, deposit insurance exists to "protect" a system that is inherently bankrupt.

The average new home in America was still well over 50 percent larger in 2021 than in the 1960s. Yet in an age of declining affordability, governments won't let homes get smaller. 

This year's trio of Nobel winners in economics are short on actual economics and long on government intervention.

Entrepreneurs serve consumers by creating our future. They do this by trying ideas for new, imagined goods and paying wages to workers and developing new capital. 

As we watch the once proud edifice of higher education in the USA crumble, we realize that we are looking at institutional failure itself.