Mises Wire

With central banks falling into step in a seemingly inexorable race toward negative interest rates, this could point to bigger problems on the horizon.

Government schemes are powerless in gauging where comparative advantage lies, whether we are talking about trade or sports.

If you are looking for a short introduction to socialism that rewards rereading, Thomas DiLorenzo's The Problem With Socialism is it.

Central bankers have become enablers to debt-addicted governments.

When new money is made, it helps those who get the new money first (usually the wealthy) — at the expense of those who get it later (the poor).

Under a system of tariffs, subsidies, and restrictions, we get companies like Coke and Pepsi producing collectivist drinks for the masses.

It is a time of fiscal hedonism, engineered and encouraged by governments and their central banks, and sold to us as banal public policy and tinkering.

The drug war enables government agents to seize the property of people never convicted of any crime.

Government is not a wealth-creating entity, and more stimulus will not help the economy. In fact, more stimulus will hurt the wealth creation process.

Dr. Huagiao's translation is an invaluable contribution to the growing library of works about the Austrian school in China.