Mises Wire

Writing in Time, Senator Paul quotes Mises in discussing the role sound money plays in constraining the powers of government.

The rock icon David Bowie died peacefully yesterday surrounded by family after an 18-month bout with cancer. While his obituarists justly focus on his musical genius and his mastery of a broad range of musical genres, his political views deserve some attention.

The Republican AGs in Nebraska and Oklahoma are demanding for federal control over states. The protesting ranchers in Oregon should hope these AGs fail.

The housing bubble has been replaced by a number of new bubbles. Among them is the auto loan bubble. Car loans now last longer than ever and are going to more people with bad credit. This might not end well.

Rather than a cold estimate of the probability of future returns, the Powerball actually illustrates the subjective theory of value.

Populism was in the air this week as ranchers in the Western US opposed the spread of federally-owned lands, and reformers in Switzerland look to a referendum on fractional reserve banking.

The Big Short is a pretty good movie, but there are a few things it leaves out.

The federal government has been meddling in Western lands since the beginning. Early settlers were happy to have the feds on their side, but a government strong enough to give you land is strong enough to take it away.

Bernie Sanders received some hefty backlash and ridicule on Twitter for decrying the fact that student loan rates are higher than home refinance rates.