Mises Wire

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.

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."

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.

Keynesian economics is the economics of debt-addicted, lower-class spendthrifts: modern governments.

The UK has plenty of opportunities to thrive outside of the EU’s jurisdiction.

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.

The recent controversy over Jeff Bezos has spawned an interesting debate among free-market economists on whether blackmail should be legalized.

Steven Kates has composed a modern version of Leonard Read’s classic essay “I, Pencil.”

Programs like Medicare are a great deal for early participants, but they create huge liabilities for taxpayers later down the line.

New research is sparking fears that junk debt could trigger a repeat of the 2008 crash.