Mises Wire

The real money-creating machines are commercial banks. Loan dollars become deposit dollars. Lots of lending means the money aggregates increase. Little lending means the opposite.

You don’t make people better off by artificially making energy more expensive. You only make them poorer.

The number of jobs that require an occupational license now covers 30% of the US workforce, up from 5% in 1950.

Economic theory must have only one purpose — to explain economic activity. However, statistical methods are of no help in this regard.

Socialism, democratic or otherwise, rides on the back of force and violence. When they drop the veil, its a government agent pointing a gun.

The effort to nullify gun laws at the county level illustrate how the relationship between citizens and government can be quite different at a more local level.

Joseph Stiglitz has written a new book that calls for massive state control over the economy.

Social Democracy fails for the same reasons communism did. It just fails more slowly.

Government interventions in the marketplace crate side effects which distort markets and impoverish consumers. The government must then step in the "correct" the problems with even more intervention.

Marx said that what he wanted was to create a one-world state. And that was Lenin’s idea too.