Mises Wire

"Liberalism" has always been the proper name of the ideology of freedom and free markets. But almost from the beginning, illiberal theorists claimed the name for themselves.

A combination of federal sugar subsidies, federal regulations on pollution, and federal control of Lake Okeechobee (a giant lake in southern Florida) runoff guidelines has created a recipe for disaster.

 Historical experience does not appear to support the thesis of modern fractional-reserve free-banking theorists.

Historically, US immigration policy limited rejection and deportation to those deemed to be either criminals or incapable of supporting themselves economically. The modern quota system takes a far more arbitrary approach.

“Between 1950 and 2000, the Swedish population grew from seven to almost nine million. But astonishingly the net job creation in the private sector was close to zero.”

"Higher order" industries like manufacturing and mining are particularly sensitive to changes in interest rates. And it doesn't look like anything's different this time around.

Ultimately, what matters for the well-being of individuals is not that they are employed as such, but their purchasing power in terms of the goods and services that they earn.

Forget the IMF’s forecasts of Venezuela’s hyperinflation. They are a prime example of junk science. 

The Turkish lira collapse should have surprised no one. Yet, in this bubble-justifying market, it did.

American tariffs are just taxes on Americans, and its the American consumer who will suffer most.