Mises Wire

After many decades of rent control and other regulations, New York politicians still can't seem to figure out why housing is so expensive.

When we understand how Mises thought (in principle) newly mined gold could conceivably set in motion the boom-bust cycle, it becomes crystal clear that he thought any amount of newly-issued fiduciary media — i.e., a credit expansion — would do the same.

Jeff Deist interviewed about American Indian tribes and property rights.

Efficiency is backward-looking and static, while value creation is future-oriented and aspirational. 

If we stick to the data, regardless of which socioeconomic indicator we choose, it seems clear that the sharp economic downturn began long before 2017.

Attempts to impose liberal values on the world, to force people to be free, are doomed to failure and will enhance the chances of war. This is largely because nationalism is for most people a far more potent force than liberalism, whether classical or modern.

In the deepest sense, the American Revolution was a conscious majority revolution on behalf of libertarianism and against power.

Having failed to show that capitalism impoverishes people, socialists have invented a new victim of material prosperity: the environment. But this latest turn is the most disturbing of all in its knee-jerk hatred for human beings and human life.

Now that they're already rich, the millionaires and billionaires who say "tax me more" are really just trying to become popular by imposing new, harsher rules of the game on everyone.

Trump haters are concerned that Trump will "stain" the Lincoln Memorial with a speech on Independence Day. But Trump is extremely unlikely to ever match Lincoln's blood-soaked legacy. And that's a good thing.