Mises Wire

Central banks, and especially the Federal Reserve System, continue to churn up inflation and the boom-and-bust cycles—in the name of "stabilizing" the economy.

Ukraine should have been a middle-income country by now. Instead, it is one of the poorest in Europe. If Ukraine joined the EU, it would be the poorest country and well below even Bulgaria.

Some blame high prices, wages, the Ukraine war, or the weak recovery. The fact is currency destruction is at the heart of generalized price rises everywhere.

The states of Europe have more than enough wealth and military potential to deal with a second-rate power like Russia. The American taxpayers, on the other hand, deserve a break from Europe's grifting. 

“Force is wrong,” Darrow wrote. “A bayonet in the hand of one man is no better than in the hand of another. It is the bayonet that is evil.”

Europe wants cheap and abundant energy, but politicians demonize nuclear, gas, and oil. All the interventionist proposals that are put forward by European politicians entail a higher cost for long-suffering consumers.

Rothbard the historian explained so well how the true progressive goal was always to remake America domestically by promoting war.

For forty years, we have not compromised with the state nor those who promote it.

The standard bureaucratic line after a program's failure is that the government agents didn't have enough authority or resources to handle the job. Neither explains the failure of Trump's Paycheck Protection Program.

Saudi Arabia could flee to gold or cryptocurrencies to escape the money-printing machine, but it won't replace the US dollar with an inferior fiat currency.