Mises Wire

It seems absurd to have to point out that economic cannibalism, even in the face of a virus, cannot produce anything but devastation, but alas, we live in absurd times. 

From wood to copper to corn, prices for basic necessities for both production and consumption are rising to multiyear highs. The Fed says it has everything under control, but the Fed has a terrible track record in both predictions and executing its plans. 

It's too late for American member states to assert real independence from the central government without facing an avalanche of legal, political, and even military opposition. Europeans would be wise to not put themselves in a similar position.

Two things should concern us. First, the weakness of the recovery in the middle of the largest fiscal and monetary stimulus seen in decades, and second, the short and diminishing effect of these programs.

The "People over Profits" mantra is once again is being heard in Washington. But this time we're hearing about it from business lobbyists themselves who are now parroting leftwing slogans about "social responsibility."

Many have long speculated that there is a correlation between economic prosperity and the length of women's hemlines. But perhaps it's now "mom jeans," with their high waists and ample fit, that indicate the true state of the economy. 
 

Most people understand that it's a good thing when others invest money and capital in your community. But when Canadian investors offered to pour money into France as part of a deal to buy a French company, the regime said no thanks. 

Mises: "The experience with which the sciences of human action have to deal is always an experience of complex phenomena. No laboratory experiments can be performed with regard to human action."

As the world’s second-largest economy attempts to return to its precrisis glory days, Beijing could potentially deal with a new pandemic that could have a sweeping effect on financial markets at home and abroad: a bond default crisis.

Biden and congressional Democrats are seeking to turbocharge their push for a new domestic terrorism law to permit widespread federal crackdowns on their opponents. Any rigged commission would likely pour gasoline on a fire that could singe far more American rights and liberties.