Mises Wire

If we grant that Indian tribes ought to be able to restrict membership (i.e., naturalization) for their own groups, on what principle can this be denied to other groups?

Entrepreneurs try to find gaps in the marketplace where consumers are not quite satisfied with the status quo. Successful entrepreneurs then fill in those gaps.

Workers get paid now, but the capitalists only get paid if there is a profit. This is why workers aren't paid 100 percent of the value of their output. For them, there is far less risk than for the capitalist.

Central bankers are claiming that a global savings glut is driving down the "natural" interest rate to negative levels. They're wrong.

Conservatives tell us that we must move beyond the idea of allowing people to trade freely in the marketplace. "Patriotism" is the true measure of economic policy, and that requires higher taxes, more government spending, and a powerful state.

Both left and right now repeatedly push a myth: the myth that governments have been taken over by laissez-faire hard-core free-market economists who have turned the world into a landscape of untrammeled capitalism.

A new banking crisis is not only in the making, for which the repo problem serves as an early warning, but it could escalate quite rapidly.

When socialists held up Venezuela in the 2000s, the message was, ‘See, we told you so; socialism works!’ but when failure happened, the message changed to, “No, wait — that’s not real socialism!’

Central Banks now have an alphabet soup of policy tools. But it's all radlly just more of the same — that is, inflationary easy-money monetary policy.

The repo crisis — and it is a crisis — is telling us that liquidity providers are aware that the price of money, the assets used as collateral and the borrowers’ ability to repay are all artificially manipulated.