Mises Wire

Ryan McMaken
California says it may refuse to enforce federal immigration laws. But why stop with immigration laws? Many other federal laws should be ignored, too.
Tho Bishop
Restricting H1-B visas is a win for protectionism at the expense of everyone else.
C.Jay Engel
Now that the Fed has slightly upped its Fed Funds rate target twice, there is talk of a much more ominous issue: shrinking the balance sheet.
Mark Thornton
By over-prescribing opiate painkillers, doctors drive many to heroin. Some conservatives want to "solve" the problem by imprisoning more addicts.
Ryan McMaken
US law and 14 states still outlaw switchblades. The bans, however, were inspired by little more than Hollywood movies about juvenile delinquents.
Ron Paul
The solution to addressing the problem of illegal immigration is clear: remove the welfare magnet that attracts so many to cross the border illegally.
Alasdair Macleod
The threat of a US-UK trade pact is very bad news for the EU, but Trump's more mercantilist side spells trouble for the US and much of the world.
Frank Shostak
The usefulness of money depends on it having some connection to physical money. Reducing money to a digitized abstraction would be a disaster.
C.Jay Engel
Obama is the first president since Hoover to not have a single year of over 3% GDP growth.
Mises Institute
As expected, the first week of the Trump administration has brought a mix of good and bad.