Mises Wire

The Fifth Amendment in the Bill of Rights prohibits trying a person twice for the same crime. But the federal government now routinely ignores this.

Loose monetary policy can appear to work so long as real wealth is expanding. But money expansion weakens wealth creation over time, eventually leading to slower growth, lost wealth, and economic busts.

Only gradually, the damage becomes visible. Economic growth is dwindling; political conflicts over income distribution are increasing; the state becomes more and more powerful.

Let's set aside the politically tempting task of speculating about what might happen in the event of a No Deal Brexit, what can we say with certainty will happen?

While repealing laws and police reforms are important in alleviating mass incarceration, the problem is likely to continue as long as prosecutors are permitted to operate with so few constraints.

The whole episode shows the folly of top-down political solutions to social challenges.

Slavery was a monstrously unfair and immoral institution. It was also inefficient, compared to a system based on free labor.

How many people peak after 60?

Dressing up the history of the world, and its economic development, in terms of transaction costs is mostly not very helpful.

The introduction of money does not alter the fact that individuals still have to produce something useful in order to secure some other useful goods for themselves.