Banks use Other People’s Money — So What?
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.
Mises Wire
Government Spending Isn’t Always Inflationary
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."
Why the Emphasis on “Officer Safety” Is Such a Problem
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 Benefits of Brexit
The UK has plenty of opportunities to thrive outside of the EU’s jurisdiction.
Socialism, Capital, and Venezuela’s Oil
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.
Two Simple Questions Keynesians Can’t Answer
Keynesian economics is the economics of debt-addicted, lower-class spendthrifts: modern governments.
The Case for Legalizing Blackmail
The recent controversy over Jeff Bezos has spawned an interesting debate among free-market economists on whether blackmail should be legalized.
The Grandson of “I, Pencil”
Steven Kates has composed a modern version of Leonard Read’s classic essay “I, Pencil.”
“Medicare for All” Is Much Costlier than Most Admit
Programs like Medicare are a great deal for early participants, but they create huge liabilities for taxpayers later down the line.
As Lending Standards Fall, Worries of a New Bust Rise
New research is sparking fears that junk debt could trigger a repeat of the 2008 crash.
