Mises Wire

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When we look at the federal debt as a percentage of tax revenues, the US is behind only Japan when it comes to debt loads.

As 2016's campaign unpleasantness has accelerated, many Americans were going through another often-unpleasant experience: back-to-school shopping.

The dollar's last tie to gold was severed 45 years ago. Gold had always been an inconvenience for governments looking for more debt and spending.

In free-market circles, most government intervention is dismissed as "socialist," with the result that the term has lost its true meaning.

The problem with the Excel spreadsheet approach is not the intentions of policymakers, but that such tools cannot possibly replace the market process.

Calling an arbitrary government-imposed penalty on carbon a "market cost" is a disingenuous as not calling such a plan a "tax."

Starting today, the Royal Bank of Scotland will become the first bank in the U.K. to impose a negative interest rate on depositors.

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.