Mises Wire
The End of Cheap Debt Will Bring a Wave of Bankruptcies
Even with falling interest rates and high liquidity, there have been spectacular bankruptcies, so imagine what can happen when rates rise.
Thomas Hardy Shows Us The Horror of War vs. The Beauty of Trade
Markets and trade offer far more benefit for ordinary people than participation in the state's wars.
Why Politicians so Often Fail to Protect the Property Rights of the Poor
Throughout US history, government agents have often discarded "pure" property rights in favor of "development."
Doctors’ Prescriptions Remain a Key Driver Behind Opiate Addiction
Widespread physician pushing of opioids — combined with government regulations — have increased the most unsafe uses of opioids.
Why Banking Is No Ordinary Industry
Special powers to inflate the money supply — granted by the state — make banking unlike other private industries.
Trump’s Protectionist Follies Threaten a Trade War
What America is facing are the illogical trade policies of an economically illiterate president in the White House.
How the Pentagon Devours the Budget
In explaining the flood of funding headed toward weapons contractors, one defense analyst noted that “diplomacy is out; air strikes are in."
Trump’s Tariffs Are a Tax on Americans
Employers that rely on aluminum and steel will now have to pay more for those resources, meaning workers will see lower wages and less hiring.
Police: We’re the Experts — Don’t You Dare Criticize Us
Defenders of police incompetence are falling back on the claim that they are above criticism because they are the "experts."