Mises Wire

According to the LA Times, the US crude slumped to $35 p

Thomas Piketty is wrong. Markets do not concentrate wealth. They work to diffuse wealth and limit the power of any single enterprise. Meanwhile, many lose their fortunes as quickly as they gain them.

David Gordon took to Facebook to answer your questions.

The Top Ten articles for November, based on unique pageviews.

Central bankers would have us believe that creating money “out of thin air” is no problem as long as the “demand for money” increases. They also claim that gold-backed money is more prone to booms and busts. But they’re wrong on both counts.

We're often told that gun control is responsible for low homicide rates in places like the UK, Ireland and Canada. But a look at the history of homicide in each country suggests that gun control is hardly a primary factor in homicides.

The sugar industry and the corny syrup industry have been fighting in court. But don't be fooled. Ultimately, the two industries are happy to help each other out in order to keep their own crony-capitalist arrangements in place.

Nicholas Maduro is far from having surrendered his power after the latest elections.

Opponents of austerity have come out to denounce the idea that it’s bad for governments to borrow. They note that there are benefits to borrowing. The distinction they fail to make is that there’s a big difference between private borrowing and government borrowing.