How to Avoid Secular Stagnation
In order to remove the threat of secular stagnation what is required is to shrink government outlays and to close all the loopholes for the creation of money out of thin air.
Mises Wire
Are Housing Markets Still Clearing Out the Trash of the Last Bust?
Many mortgages have not just been modified once, but twice, and sometimes more. Loan servicers are holding higher-end mortgages rather than foreclosing a decade after the crash. Thus, there is plenty of shadow inventory lurking, waiting for the next crash.
An Introduction to Virginia 2nd Amendment “Sanctuaries”
Although the term “sanctuary” implies comparability to local jurisdictions that refuse to participate in the enforcement of some federal immigration laws, the similarities don’t go beyond the name itself.
The Deception behind Government Licensing Laws
How much licensing requirements are designed to “protect” the health of the public, and how much to restrict competition, may be gauged from the fact that giving medical advice free without a license is rarely a legal offense. Only the sale of medical advice requires a license.
What Free Market Money Would Look Like
Monetary affairs have always been subject to government intervention of one kind or another, but there is no reason money could not be produced and regulated in a free marketplace.
California’s Anti-Self-Employment Law Is Already Crushing Freelancers
State lawmakers possess an infinite source of good intentions. Wielding the power of this limitless benevolence and munificence, politicians are regulating the lives of citizens while eviscerating their existence in the process.
Luck and Taxes
Some argue that someone’s superior talent or success is itself the result of mere luck. That claim, and its relevance as a justification for redistribution, has generated much controversy.
Death to Prohibition
The repeated failure of prohibition may be just the catalyst that Austrian economics needs to gain traction with the American public.
The Bank of England’s Governor Fears a Liquidity Trap
The demand for goods is not constrained by the amount of money, but by the production of goods and services available to trade for money.
A Limited-Government Republic versus a National-Security State
What is a national-security state? It is a totalitarian-like governmental structure that consists of an enormous military-intelligence establishment with extraordinary powers, such as indefinite detention, torture, secret surveillance, and even assassination of both citizens and foreigners.
