The current explosion in rental and home prices is the direct result of government intervention aimed at making it easier to buy a house. Mises wrote that government intervention into the market tends to make things worse. He was right.
While President Biden’s inflationary economy continues to falter, the president proposes to outlaw bank overdraft fees, ostensibly to help lower-income Americans. Bank fees, however, are not the biggest threat consumers face; inflation and intervention are the real threats.
If one does not stop in time the pernicious policy of increasing the quantity of money and fiduciary media, the nation's currency system collapses entirely.
Political and academic elites claim that economic freedom is the antithesis of civilization. They claim that functioning civilization can come only from a welfare state, a nonsensical proposition
Central banks intervene in order to “create demand,” and then they intervene in order to try to mitigate the damage they caused earlier. This is a never-ending scenario of economic destruction.
Political and academic elites claim that economic freedom is the antithesis of civilization. They claim that functioning civilization can come only from a welfare state, a nonsensical proposition
Central banks intervene in order to “create demand,” and then they intervene in order to try to mitigate the damage they caused earlier. This is a never-ending scenario of economic destruction.
Nobel-winning economist Joe Stiglitz believes that the path to freedom is . . . less freedom. Of course, he doesn’t package his advocacy of socialism as the diminishing of freedom but rather as expanding freedom by restraining economic freedom.
Ludwig von Mises was ridiculed for his assertion that “middle of the road” leads to socialism in the end. As the federal government swallows increasing amounts of the economy, we see that Mises was right.
Ludwig von Mises was ridiculed for his assertion that “middle of the road” leads to socialism in the end. As the federal government swallows increasing amounts of the economy, we see that Mises was right.
