Mises Wire

The Chinese debt is overwhelming not simply because of the volume, but because the figure has quadrupled in seven years.

Since we don't know the future, all investment is a type of speculation, and this doesn't mean banks are behaving nefariously when investing other people's money.

While government spending re-allocates and distorts resources, it is not necessarily inflationary. Inflation really just stems from money creation and fractional-reserve lending carryied out by central banks and private banks — thus creating money "out of thin air."

When I look back on my experience at the 32nd Precinct I see real “peace officers” at work. No SWAT raids, no armored vehicles. Just cops getting by with their wits, guts, and courage.

The UK has plenty of opportunities to thrive outside of the EU’s jurisdiction.

The US government clearly wants to invade Venezuela. But oil is likely not a significant reason, in part because Venezuela's oil is hardly the gold mine some think it is.

Keynesian economics is the economics of debt-addicted, lower-class spendthrifts: modern governments.

The recent controversy over Jeff Bezos has spawned an interesting debate among free-market economists on whether blackmail should be legalized.

Steven Kates has composed a modern version of Leonard Read’s classic essay “I, Pencil.”

Programs like Medicare are a great deal for early participants, but they create huge liabilities for taxpayers later down the line.