Mises Wire

Economists like Harold Demsetz and Ronald Coase based their property rights views on utilitarianism. Murray Rothbard based his on justice.

That wasn’t a misquote; Trump actually said I love the inflation—do take a moment to let that sink in.

When inflation surges, the first thing on the government's agenda is for the Federal Reserve to try to force up interest rates. However, as Frank Shostak writes, that might not be the best strategy.

Regulatory systems are infamous for creating “traps” that seem to be impervious to reform. Regulators seek to “drain the swamp,” but, instead, find themselves up to their necks in alligators.

Unfortunately, the Pope does not understand the role that monetary inflation plays in fueling AI’s excesses. If he did, he might lead a necessary anti-AI spiritual alliance for sound money.

Before the Nat Turner Rebellion and the rise of militant abolitionism in the North, there were more anti-slavery societies in the South than in the northern states.

Prediction markets, while obviously imperfect, still work well because people voluntarily put their money where their beliefs are. Naturally, the government wants to shut them down.

In spite of repeated claims from the Federal Reserve that monetary policy is at least moderately restrictive, there is no sign of any slowing in money-supply growth.

The US is not the only country with an out-of-control central bank. Brazilians are feeling the pain from decades of irresponsible central bank and government decisions.

In today's Friday Philosophy, Dr. David Gordon revisits The Calculus of Consent by James Buchanan and Gordon Tullock, considered a "classic" by mainstream economists. Murray Rothbard, however, dissented loudly.