Mises Wire

While Cantillon used the effects on family life to illustrate monetary theory, Degner lingers to employ sound monetary theory to trace out the effects on the family.

Socialism may have failed, as it always does, in Bolivia, but that unfortunately does not mean that it is turning toward the free market.

In this age of the growth of the state, free speech increasingly becomes a casualty. However, elites are unwilling to protect free speech rights and, all too often, it is the elites that are suppressing speech in the first place.

As we look at the current sad state of affairs of American governance, we ask how we got to this point in the first place. The presidency of George H.W. Bush is a good place to start.

Few really understand why these blue cities are crime-ridden.

Much of the current debate on student higher education debt centers around the students as victims of rapacious capitalism. However, the government‘s student loan program has driven up education costs, impoverished student borrowers, and financed the leftist takeover of higher education.

Few really understand why these blue cities are crime-ridden. It’s not merely a lack of resources or even progressive ideology. At the root of the problem are governments working hard to maintain a monopoly on a service they then refuse to provide.

Japan’s economy is caught between inflationary monetary policy and powerful agricultural interests. There is no easy way out.

Keynesian orthodoxy claims that cuts in government spending mean less “aggregate demand,” and less “aggregate demand” leads to recessions. Economic experience, however, shows us this is a false theory, something Austrian economists have known for a long time.

The standard line for passenger rail travel in the US is that we need a government-subsidized entity like Amtrak because while there is a “need” for such service, it is impossible to provide it profitably. However, profitable travel is possible, but would require the end of Amtrak itself.