Mises Wire

There is no shortfall of liquidity in financial markets. In fact, there is so much that inflation has become a way of life for market participants. This is not a good thing.

All too often, judges allow sentiment to override the Constitution. While they might refer to a “living Constitution,” what they really mean is that they don’t permit the law to get in the way of their worldviews.

Nearly one in five US tax dollars now go to paying interest on the federal debt. Debt and spending are set to surge even more as war costs mount and interest rates rise.

Javier Milei, whatever one thinks of his time in office, is surely the only national leader in the world who claims Murray Rothbard has inspired many of his actions to stem the economic and social decline in Argentina.

When inflation heats up because central banks hold interest rates to artificially low levels, the standard approach is for central banks to increase interest rates. The better policy is not to artificially manipulate interest rates at all.

President Trump’s current war with Iran not only is creating economic havoc around the world, but it is also bleeding US taxpayers. There are no good outcomes here.

John Williamson, who passed away five years ago, is known for creating what was called the “Washington Consensus,” which was an attempt to bring a liberal economic order to poor countries looking to transition from socialism to capitalism.

Murray Rothbard based much of his work on property rights, and in this piece, Ludovico Lumicisi applies Rothbardian thinking to the technology of our digital age.

Murray Rothbard’s For a New Liberty is a classic at bringing together the foundations of Austrian Economics and libertarian thinking.

How does one act counterculturally and rebel against the systems of dependency? How do young people learn to act wisely without examples? Knowing how to see through the smoke and mirrors of the inflation culture is a necessary skill for a freer and more peaceful tomorrow.