Here’s the True Definition of a Recession — It’s Not About GDP
Recessions are the liquidation of a boom that sprang up thanks to a previous period of loose monetary policy.
Mises Wire
Jeff Sessions’s Pot War Is Up in Smoke in Nevada
Recreational marijuana became legal this month in Nevada. AG Jeff Sessions isn't happy about it at all.
Immunity for Prosecutors Encourages Fraud
Prosecutorial immunity provides an incentive to government prosecutors to engage in fraud if it's good for their careers.
To Fix Healthcare, We Need to Repeal a Lot More than Obamacare
The focus on Obamacare as the source of all our health-care woes has distracted us from the real foundations of the healthcare mess.
Don’t MacLean on Me
Here are a few additional mistakes in Nancy MacLean's Democracy in Chains
Big Military Spending Boost Threatens Our Economy and Security
The House overwhelmingly approved a massive increase in military spending, passing a $696 billion National Defense Authorization bill for 2018.
Why Wage Growth Is So Weak
As central banks enable the creation of money out of thin air, wealth creation has suffered, as has worker productivity.
Space Cadets and Sex Changes: Our “Defense” Budget Is a Bad Joke
Spending on the military is set to reach a new all-time high. This has a lot to do with politics, and almost nothing to do with defense.
Net Neutrality Strengthens Monopolies, Invites Corruption
Government regulation has long been an easy way for large firms to drive the smaller competition out of business. Net neutrality is no different.
Even Partial Drug Legalization Goes a Long Way in Protecting Property Rights
The partial legalization of cannabis in Colorado has made it harder for police to justify many searches and seizures that were once routine.
