Mises Wire

It is challenging to see how governments can escape from their debt traps when interest rates rise above the levels currently forecasted.

So far, the EU has required that all states approve any tax increases in a unanimous vote. Unsurprisingly, the EU elites find this limitation very inconvenient.

A sober look at the assumptions underlying neoclassical analysis reveals that they are either not realistic or not applicable in economic analyses of the real world.

While many people talk about money and liquidity interchangeably, the reality is these are both very different concepts

The "distinguished economists" advocating for a carbon tax are misleading the American public on several key points. 

Under capitalism, the common man was no longer a drudge who had to be satisfied with the crumbs that fell from the tables of the rich.

The right to property was not included in Canada's Charter of Rights and Freedoms. And it shows.

Disagreements between libertarians and realists are a problem. But in the current interventionist-dominated environment, the disagreements don't strike me as an especially big problem — at least for now.

Italy’s problems are yet to descend into a Greek-style crisis, but that is the direction of travel. And Italy is far more serious than Greece because of its sheer size.

Consumer reviews demonstrate one of the important ways that the market itself provides people with more important information in making purchasing decisions.