Mises Wire

When we blame the euro for Europe's ills, we're letting politicians and central bankers — who have only ever viewed the euro as a stepping-stone toward their grand objectives — off the hook.

The growing acceptance of "humanitarian" interventions works to remove national sovereignty as a bulwark against expansionist large states in the international order.

Those who are advocating for new interventions in Syria and Venezuela show little interest in confronting the real costs of intervention. They just want to say they "did something" even if those things will turn out to be disastrous.

The socialists recognized the many material benefits offered by capitalism. Their mistake was thinking that total equality could be achieved as well.

The Hamiltonians foisted a central bank on the people of the United States at the first opportunity. But Thomas Paine wasn't fooled.

The "asset forfeiture" case now before the Supreme Court is unlikely to lead to any substantial limitations on state and local seizures of private property.

All economic and political systems involve competition over scarce resources. So it's wrong to say competition is the distinguishing characteristic of capitalism.

Only one company is still writing workman's comp policies for the NFL. Insurers fear Chronic Traumatic Encephalopathy (CTE) may be the new asbestos, with lawsuits extending into the distant future.

Anthony de Jasay, an important  free market  economist and political philosopher passed away on January 23.

"The main thing is that the government should no longer be in a position to increase the quantity of money in circulation and the amount of checkbook money not fully — that is, 100 percent — covered by deposits paid in by the public."