Mises Wire

Back in March, Peter Brockvar observed that even when the economy seemed to be doing

In this interview, Jim Grant nicely sums in a few minutes the basic problem of using asset price inflation in pursuit of economic enterprise. The problem is this strategy puts the cart before the horse.

Today's discomfiting 1,000 point drop in the DJIA may be the next in a series of shocks for worldwide equity markets. But given the growth in the Federal Reserve Bank's monetary base, US stocks may have a long way down left to go. 

In civics and government books, “how a bill becomes law” shows multiple steps during which representatives consider bills before enactment.

Following the Crash in 1987, many myths circulated about the nature, causes, and remedies for the crash at the time. Rothbard's debunking of many of these myths is still informative today.

I know, it's nearly September, but I forgot to post July's Top Ten Mises Daily articles, so here they are.

As news of Venezuela’s suffering keeps coming through, one cannot help but feel a certain sense of dread. All governments control the money supply to essentially the same extent that Maduro’s administration does. All around the world we have monetary socialism, where national currencies are subject solely to political power. And one cannot help but wonder (and fear) how many more such economic disasters it will take before it becomes clear that socialism of all shapes, sizes, and degrees, is unrealizable, unbearable, and unforgivable.  

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Economics has been in trouble for decades, ever since mathematics replaced what should properly be known as economics. In many ways, the science was killed, but it's not dead enough for some anti-economics leftists who want all of economics to be abandoned permanently.

Some states are attempting to take control of federal lands within their own borders. But even if the states succeed at this, fewer federal expenditures on federal lands won’t translate into lower taxes for anybody.