Mises Wire

The United States currency has only really weakened relative to the yen and the euro, but that depends on optimistic expectations of a European and Japanese economic recovery.

Spot? COMEX? Retail? How the price of gold varies by market. And why.

“Taking back the streets” ought to mean privatizing them and enabling property owners to defend their property. This would be the surest way to end the riots.

Far from stopping the spread of covid-19, lockdowns, only push deaths into the future. Unless a vaccine is imminent or a 100 percent total lockdown is imposed, lockdown won't cause big reductions in total deaths.

We are fortunate to have vaccines as options in many cases. But mandatory vaccination can never be justified. If a vaccine were clearly 100 percent efficacious and 100 percent safe, there would be no need for coercion; people would voluntarily line up to take it.

The distinction between risk and uncertainty is a key tenet of the Austrian school. Mainstream neoclassicists reject it.

Whether we're commanded to trust the experts, abandon the rule of law, or venerate government for "keeping us safe," the 9/11 panic and our current crisis have many things in common.

A zero interest rate policy, unlimited asset buying, Wall Street bailouts, etc. This is a never-ending monetary accommodation that leaves you asking: What else will the Fed do after inflation averaging?

Tyrants inevitably work to destroy private associations. Such associations are outside of their control and are an alternative pole of allegiance, and therefore must be eliminated.

The Fed has abandoned its own rules on "price stability" in order to favor what are essentially higher inflation targets. The Fed is now headed down a road it traveled in the 1970s.