Mises Wire

It all boils down to one thing: the reason the big banks have gotten so large is because the banking industry in the United States was purposely designed to be a highly concentrated oligopoly.

The authors of Crisis Chronicles: The Panic of 1819—America's First Great Economic Crisis have updated their article to explicitly include Rothbard as a source.

This little known chart is the Fed's attempt to anticipate a recession in the US economy. The reading from last November is only 3.84%, but that is higher than all but 3 months when a recession did not immediately proceed.

In a private market, households bear the costs of their own unhealthy habits. In a socialized economy, everyone bears these costs, and governments know it pays to emphasize this fact, even if the stats turn out to be wrong.

It would be a mistake to label Trump as an "anti-war" candidate, but for a voter who's gung ho on military action, Trump leaves much to be desired.

The latest issue of the Cato Journal contains articles written in honor of Richard K. Vedder, who is strongly sympathetic to the Austrian school of economics.

Many US states by themselves have large economies when viewed in a global context. Texas by itself has an economy the size of Australia's.

Rather than thinking outside the very little teeny tiny box that academic elites have crammed themselves into, it's far easier for those academics to go with what they know and engage in self-serving and circular arguments.

Back when I taught collegiate political science, one of my pet peeves was the habit of some students to treat republics and democracies as if they were opposites.