The Tragedy of the Commons in the Courtroom
Since using the court system costs them nothing, police and prosecutors have an incentive to load up the court system with non-violent "crimes."
Mises Wire
Richard Cantillon Is Sleepless in Seattle
Cheap money and Seattle's capital-fueled boom means Seattle may soon achieve Peak Skyscraper status.
Four Reasons Central Banks are Wrong to Fight Deflation
The harmful character of deflation is a sacred dogma of monetary policy. However, evidence substantiating these claims is either weak or nonexistent.
Our Lawless Central Bank
The Fed's modern method of policymaking is best described as "ad hoc." This is a big problem for entrepreneurs and most market actors.
Recent Fed Speeches
The FOMC meeting is over and various Fed officials are back on the speaking circuit. Here is a summary of recent comments.
Will Our Grandchildren Work Only Four Hours Per Day?
If capitalists have their way, we may be looking at a future of 20-hour work weeks while producing a higher standard of living.
Jeff Sessions’s Reefer Madness
Jeff Sessions's war against marijuana legalization will do nothing to fight crime or improve health.
A Theory of Entrepreneurship and Institutional Uncertainty
What is the relationship between entrepreneurs and uncertainty? Two Austrian economists explore the issue in this new journal article.
Money Supply Growth Fell to a 104-Month Low in May
Money supply growth has fallen to some of the lowest levels seen since 2008.
Trump Turns Back the Clock With Cold War Cuba U-Turn
President Trump said Friday that his new policy would be nothing short of “regime change” for Cuba.
