Mises Wire

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.

Politicians can often be found saying that it would be bad to end a government program because it would unfairly punish those who benefit from the program. But what about those who are punished and disadvantaged by the unjust program in the first place?

It is now even clearer that Krugman is wrong about France and the UK.

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.

Many people know that the Venezuelan economy is subject to byzantine price controls and other regulations. But on top of it all is a highly complex, bureaucratic, and damaging system of government-controlled monetary exchange rates.

Most critiques of the market is pure assertion.