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As Angela Merkel prepares her exit from the chancellery in Berlin, a false alarm is ringing in Europe about an imminent danger of “stagflation.” This phenomenon, like dragons, belongs to mythology rather than real historical or present circumstances.  The noise will

1930, Columbia professor Karl Llewellyn published The Bramble Bush, his famous tract on how to think about and study law. Llewellyn urged readers to consider both law and custom when seeking to understand a society, to recognize the difference between the

The very size and scope of the United States federal government is likely something that Ludwig von Mises could not have imagined, despite writing the book which foretold the results of such a behemoth, Bureaucracy. Early on Mises wrote, “Congress

It will come as yesterday's news that the speculator is perennially under attack by the social justice warriors. Yet speculators serve a crucial and valuable role in surviving economic disasters. Original Article: "In Defense of the Speculator" This Audio Mises Wire is

Entrepreneurs are developing a new world of innovative business models far from regulated markets, crony capitalism, and corporate control. It’s a new world of cyber security, free software, value-for-value exchange, integrated with bitcoin. Max Hillebrand operates in this new world,

Some fed officials simply shrugged off what was an obvious conflict of interest when they traded stocks and real estate holdings while making policy. The rules don't apply to central bankers. Original Article: "You'll Be Shocked the Learn There's Corruption at

The presumption of venality, as it is inscribed into new measures against the pandemic, is extremely interesting, at least from an anthropological point of view. The measures implemented over large parts of Europe include, most notably, covid certificates. Elsewhere, in

Since 2020, public health technocrats and their allies among elected officials have clung to the position that absolutely every person who can possibly get a covid vaccine should get one. Both the Mayo Clinic website and the  Centers for Disease Control and

From the darkened cinema to the football field to the airport screening line, the US government inflated the actual threat of terrorism and the necessity of an aggressive military response. Original Article: "US Military Propaganda in Film, Sports, and TV: It's

The Constitution had been ratified and was going into effect, and the next great question before the country was the spate of amendments which the Federalists had reluctantly agreed to recommend at the state conventions. Would they, as Madison and