Mises Wire

It is often argued that democracy replaces violent political changes with peaceful ones, but this is not quite as convincing as we are told.

Far from being neutral, inflation leads to changes in political institutions, and these changes push up unemployment over time.

Joseph Salerno spoke on "Why Falling Prices Are Good for Business" at Ramapo College in New Jersey on October 4.

The Homestead Acts are often held up as proof of how wise and prudent the federal government can be. The actual history of the Acts is less impressive.

With an election coming, the Fed has lost its enthusiasm for raising interest rates, much to the benefit of the incumbent party.

Regulation makes many firms larger and more bureaucratic than they would otherwise be.

There are really two types of asset-price-inflation periods. One is the "boom" type, but the other is the current "depression" type.

Putting the finishing touches on the world's largest building in China

Do central banks have a plan? Do they know what they are doing? The BBC wonders, and Jeff Deist provides some of the answers.

From the state to private corporations, many groups benefit from marijuana prohibition. And, they will fight to keep marijuana illegal.