Mises Wire

Trouble emerges once banks start to engage in lending unbacked by real savings, this gives rise to the expansion of credit out of “thin air.”  This in turn sets in motion the menace of the boom-bust cycle.

In Las Vegas, airline passengers plummeted 64 percent during 2020, and the convention business has collapsed. For Vegas, there are troubling signs that the world is not in a hurry to spend freely on extravagant face-to-face meetings. 

Shays' Rebellion was used by counterrevolutionaries like Alexander Hamilton to push the new centralist constitution of 1787. But Jefferson, on the contrary, concluded such uprisings were "medicine necessary for the sound health of government.”

Lockdowns advocates claim fear of the virus is really what kept people home—and has thus led to the economic destruction of the past year. But they also claim that without forced lockdowns, people will quickly go back to normal. Both can't be true. 

Government money printing may goose GDP, but It will do nothing to fix the losses that millions have suffered from covid restrictions and lockdowns. 

The fact that colonial empires often differ significantly in their outcomes can serve to provide us with insights into what sorts of government policies are the most and least harmful.

Since the USSR unexpectedly collapsed, NATO has been going around poking hornets' nests and finding new enemies hoping to justify its existence. It's time to shut the whole thing down. 

Forty years ago, the US had almost no legal concealed carry. Then over just a few decades, eighteen states adopted full-blown "constitutional carry" provisions, with many other states adopting concealed carry provisions as well. 

The Chinese regime hopes it can use a digital yuan to challenge the supremacy of the US dollar. That brings a host of geopolitical advantages, as well. 

After the economic disaster created by the lockdowns, media chattering heads still have the gall to claim that too little government and spending caused the crisis.