Mises Wire

Politicians promise economic miracles, but in the end they waste resources and engage in economic destruction. Newfoundland is a case study.

Murray Rothbard was an elite economist, historian, and avowed enemy of the state. His legacy lives on nearly three decades after his untimely passing.

Some have wrongly blamed the current bank failures on the Federal Reserve’s interest rate increases. The real problem is how the Fed encouraged the entire financial system to get addicted to easy money. 

Most socialists are not misguided about how to have a prosperous economy, for that is not their goal.

When he was president, Donald Trump raised tariff rates, promising it would revitalize American production. It was a costly boondoggle.

Federal authorities want us to believe that by bailing out Silicon Valley Bank, they have prevented a financial crisis. Instead, we will have a crisis with bailouts.

Any realistic review of the Federal Reserve’s MBS experiment would conclude that the Fed should stop buying mortgages.

The only thing that saves citizens from much higher prices is the fact that the transmission mechanism of monetary policy is independent and diversified. Imagine if that transmission was direct and had only one channel, the central bank itself.

How do people in a pluralistic society live peacefully with each other? In his review of Kenneth McIntyre's book, David Gordon points to negative liberty as the best way to preserve values.

Central banks usually don't admit their guilt in the destruction of money, but the Bank of England unwittingly comes clean.