Mises Wire

The relationship between the Nazi state and industry was not evidence that the Nazis had capitalist leanings, but that the German businessmen had socialist leanings.

In Argentina’s case, it seems that old political habits of anti-capitalist policy die hard. So, no matter who ends up winning the presidency in October, the Argentine people are set to lose.

What exchanges take place, and which do not, is affected by how markets are regulated. Black markets and regulated markets have different outcomes than free markets.

Some people — including Donald Trump — think the dollar is too strong, and many propose the creation of a new version of the Plaza Accord, i.e., a multilateral agreement that includes coordinated intervention in foreign exchange markets.

Without a turn toward hard money, the odds are that the world’s dependence on the Greenback will not decline but presumably grow even more in the years to come.

We often hear that various government policies are justified because "the people want" this or "we want" that. This belief assumes that dissenting minorities don't matter at all. "We want" is usually nothing more than rank majoritarianism.

Richard Vague's new book on financial crises repeats many old myths about economic booms, while failing to understand the role of malinvestment and central banks.

Jim Crow policies and the eugenics-tinged racial purity theories behind them were at the heart of progressivism, something that few progressives today are willing to acknowledge.

Central banks pretend all these benefits come at no cost to anyone. Unfortunately, we all ultimately pay the price. 

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