John Law and the Mississippi Bubble – 300 Years Later
John Law's disastrous Mississippi Company bubble can still instruct us today.
Mises Wire
Artificial Booms and the Theory of “Forced Saving”
It is impossible to force the economic development of society by artificially encouraging investment and initially financing it with credit expansion. This policy can only have benefits if economic actors also elect to begin saving more at the same time.
Why Are the Feds Subsidizing Baby Formula Companies?
The "experts" are complaining about advertisements from formula companies. Meanwhile, the US government spends billions on subsidizing formula through welfare programs.
Private Cities: A Model for a Truly Free Society?
Private cities may seem outrageously radical or utopian, but we are already using this approach very successfully in other areas of our lives. The transfer to our social order is only the last step in a development already under way.
The Plan to “End Government Control” of the BBC Isn’t As Good As It Sounds
The British Broadcasting Corp will remain firmly ensconced within the British state for the foreseeable future.
Money Supply Growth Falls to 6-Month Low
Money supply growth fell in July, dropping to the lowest rate recorded since February of this year.
In Eastern Europe and Russia, Reminders of Communist Horrors Are Everywhere
If a century of bloodshed, murder, vast prison systems, and starvation won’t convince the advocates of communism among American millennials, then perhaps nothing will.
Why the “Economy Is an Engine” Metaphor is So Wrong
The economy is not an engine, or a tool, and does not perform any “work.” The economy is you and me.
Governments Default on Debt More than You Think
It's not really true that governments can always just print money to pay off their debts.
Federal Employees Have Higher Pay, More Job Security Than Private Sector
The incredible wealth of the DC region is yet another reason for shrinking the size and scope of the federal government.
