Mises Wire

Winning support in newspapers’ editorial headlines is not the same thing as constitutional justification.

Scrooge was wrong, and his Nephew Fred was right. While it's true the benefits of feasting with friends and family can't be calculated in a ledger, that doesn't mean those things have no value.

Tariffs and economic sanctions infringe on the fundamental, God-given right of people to trade with whomever they want.

It's thanks to markets and entrepreneurs that turkeys, toys, and Christmas trees can be mass produced and delivered to a great many ordinary people at a reasonable price.

Being so small, Liechtenstein's government must provide services in a way that make it attractive to its citizens, many of whom could easily invest their wealth elsewhere.

Since public schools are funded through tax dollars, the schools don't really care if their safety measures are done in a way that treats students with the sort of respect paying customers would likely receive.

Bureaucrats manipulate government shutdowns so that they are likely to produce the political outcomes the bureaucrats want. 

While efforts to mandate "equality of outcome" are rightly derided, "equality of opportunity" is wrongly held up as essential. But even when we face unequal opportunities, the marketplace can still make us all better off.

EU negotiators have done all they can to hinder the Brexit process. But freedom from the EU's trade straitjacket would, of course, be best for the UK.

M1 and the monetary base are almost equal at this time, but this is unprecedented in modern monetary history, as usually the monetary base is a fraction of M1.