Mises Wire

It should come as no surprise that the German government has finally succumbed to the pressure to join the global War on Cash.

Libertarians should celebrate the death of the myth of democratic consensus.

Watch Bob Murphy's talk from last weekend's Mises Circle in Houston.

The public has been successfully conditioned to view the use of cash as something suspicious. Meanwhile, thanks to growing pressure from government, private business now often considers cash to be more trouble than it's worth.

Joe Salerno's article, "A Reformulation of Austrian Business Cycle Theory in Light of the Financial Crisis," is now available in a Polish translation.

In 2016, the Fed's annual stress test on banks will include a scenario in which the interest rate on the three-month U.S. Treasury bill becomes negative in the second quarter of 2016 and then declines to -0.5%, remaining at that level until the first quarter of 2019.

If man reconsiders freeing himself from the supremacy of reason, he must know what he will have to forsake.

The United States is notable for incarcerating a very large portion of its population compared to other countries. Surprisingly, this may increase homicide rates and lead to enclaves of ex-cons which would help explain why so many homicide victims have criminal records.

Last Saturday's talks from Ron Paul, Lew Rockwell, Jeff Deist, and Bob Murphy are now available.