Mises Wire

Federal labor laws increase monopoly power, reduce competition, and void free association, all in the name of "workers' rights."

The “boom-bust” cycle is generated by monetary intervention in the market, specifically bank credit expansion to business. 

Socialism and capitalism offer radically different solutions to the problem posed by scarcity.

 A major factor that can explain the apparent contradiction between weakening so-called fundamentals of today — and the stock market's continued march upward — is changes in monetary liquidity.

Anti-capitalists love to claim that consumers don't really have free choice — that advertisers and peers really dictate to others what they should buy. In truth, consumers choose freely, but use others to filter information and simplify the process.

Reformers wanted "higher quality" votes, so they actively sought to reduce voting by urban ethnics and others opposed to the puritanical "pietists" and their progressive successors.

Mises explained how the liberal society does not encourage isolation of individuals. In fact, “there is no conflict of interest between society and the individual, as everyone can pursue his interest more efficiently in society than in isolation.”

Industrialization and capitalism finally freed us from the starvation and deprivation of endless centuries of subsistence living. Now socialists in Venezuela have managed to reverse centuries of progress.

When we understand how Mises thought (in principle) newly mined gold could conceivably set in motion the boom-bust cycle, it becomes crystal clear that he thought any amount of newly-issued fiduciary media — i.e., a credit expansion — would do the same.

Jeff Deist interviewed about American Indian tribes and property rights.