Mises Wire

The Fed overestimated the robustness of the economy, underestimated the level of addiction of the markets to cheap money, and it was way too quick to proclaim a “full recovery” from the crisis.

Thanks to huge amounts of fiscal and monetary stimulus, China is in the midst of a very large housing bubble, with predictable results for housing affordability.

In his new book Judgment in Moscow, Vladimir Bukovsky claims the spirit of the Bolsheviks was never really destroyed. And it has been kept alive with Western help. 

The government may claim that it needs the funds to provide essential social services: are the poor to be left to starve? But these assertions do not justify its policy of forcible seizure.

One of the great problems involved in setting a standard of poverty is the ever-changing concept of "adequate" nutrition. Recently a nutrition survey concluded that "only one person in a thousand escapes malnutrition!"

Even if one strongly believes that IP laws are essential for creativity, it is difficult to justify the expansion of IP protections that have taken place in recent decades.

Keynes's Malthusianism indicates that he had a defective understanding of the division of labor and the law of returns. Beyond that, his population policies reveal the totalitarianism inherent in the Keynesian vision.

Socialists contend that Argentina's economic woes were caused by too much "neoliberalism." Yet not even Argentina's alleged neoliberal president Macri did anything to implement any significant reforms in the direction of free markets.

Even The New York Times now admits there is a deep state — and that it serves its own agenda while ignoring the elected civilian government.

As government-created barriers to entry rise and fall, so does competition in the banking sector.