Not Even Junk Will Fetch High Interest Rates Anymore
It’s not just those cranky Austrians calling central bankers on the carpet these days. Everyone knows, is holding their breath, and hoping for the best.
Mises Wire
“Liberal Socialism” — Another False Utopia
Very often, bad and failed ideas do not die, they simply reappear in slightly different intellectual garb.
What Is the Liquidity Trap?
"Too little spending" does not cause recessions. On the contrary, too much spending spurred by central bank meddling is what leads to booms and busts.
Waiting for a Republican Rollback of Government? Don’t Hold Your Breath
The Republicans failed on health care, but now they are offering a new plan for tax and spending cuts, with a promise of smaller government.
Why Decentralized Militias Matter
Abe Lincoln once mocked the militias, but America's decentralized militia system has played a key role in military conflicts, including the Civil War.
The King Hath a Heavy Reckoning to Make
The Bard had a deep appreciation of political theatre, and even when his works seem to praise kings and wars, they’re often subtly condemning them.
Southern Secession Was One Thing — and the War to Prevent It Was Another
Southern secession was indeed motivated by slavery. But the war the North waged in response was not motivated by abolitionism.
Are Central Banks Nationalising the Economy?
Massive monetization of debt is just a way of perpetuating and strengthening the crowding-out effect of the public sector over the private sector.
Gun Control Laws Have Failed Latin America
High-crime countries like Brazil and Venezuela employ draconian gun-control laws. Law-abiding citizens are thus often left defenseless.
Domestic Politics Is Dictating Our Foreign Policy
The more Trump becomes isolated politically, the more he's likely to try and shore up his base by pandering to the Pentagon and its friends.
