Mises Wire

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.

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

It is impossible to isolate the "natural rate" and policies aimed at an unknown interest-rate target end up increasing instability.

In the wake of Brexit and other referendum votes that go against the leftist political orthodoxy, elites have decided democracy is a problem.

Our September-October issue of The Austrian covers this year's grim election circus.