Mises Wire

Hendrik Hagedorn and Stefan Kooths write:

Today is Ralph Raico's birthday. He is the foremost historian of classical liberalism.

Currency rates of exchange appear to be moving in response to so many factors that it makes it almost impossible to ascertain where the rate of exchange is likely to be headed.

The Federal Reserve told a federal judge in Colorado to dismiss a lawsuit by Fourth Corner Credit Union, blocking marijuana businesses in the state from legal banking services. This is just one of the many legal conundrums the budding industry has had to face since state law branched away from federal law on marijuana.

100 percent-reserve banking is being introduced through the backdoor by U.S. regulators who remain queasy about banks runs in a future crisis.

Anti-capitalists often claim that employment is like slavery. But unlike slavery, employment in the market is voluntary, non-coercive, and makes the employee better off than he would have been without it. Employees merely choose an employer that provides the best alternative to non-employment.

Here are the Top Ten most-read articles from September.

A report on my day inside the Fed

Believe it or not, but there is a tax that I could support as libertarian. In fact, it's a tax I even would want to see. Because it fixes the problem of underfinanced government budgets and it also aligns the voting populace with the risk of "investing" in government.

Well, they voted in federal elections this week for a more free market in cannabis, and for less intervention in foreign wars. They also voted for higher taxes and more environmental regulation.