If there is one thing every honest money-saving advisor would agree on, it's that a payday loan is a bad idea. Taking a high interest loan backed by nothing but your word to pay off your current account to fuel consumption with no capital investment
Murray Rothbard's seminal 1965 essay "Left and Right: The Prospects for Liberty" reads every bit as well today as it did 50 years ago. Rothbard defines liberalism and conservatism against the backdrop of the European Old Order, and skewers the incoherence of both in their
Wherever blame for the war might lie, for the immense majority of Americans in 1914 it was just another of the European horrors from which our policy of neutrality, set forth by the Founding Fathers of the Republic, had kept us free. Pašić, Sazonov, Conrad,
“Mortgage companies have ramped up their purchases of government-backed mortgages in forbearance, and they are selling these loans back to investors at a profit.” Original Article: "Mortgage Companies Cash in on Pandemic Relief" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
The United States’s jobs recovery is extremely poor, especially if we consider the size of the monetary and fiscal stimulus and the spectacular upgrade to GDP estimates. After a massive consensus increase in GDP recovery estimates to 6.5 percent in 2021, no one should be
Economists often concentrate on narrow technical specialties. In doing so, they sometimes fall into philosophical errors, because they uncritically take for granted assumptions that are philosophically mistaken or at least controversial. The most common instance of this is familiar. Many economists assume that normative judgments, as
The chronic US trade deficit is a direct result of the dollar’s status as the world’s main reserve currency and unabated monetary increases in government spending. More tariffs won't change that. Original Article: "Thanks to Federal Megaspending, the Trade Deficit Has Only Gotten Worse" This Audio Mises
Minimum-wage laws are again in the news, as Joe Biden and his political allies in Congress seek to push the national minimum from its current level of $7.25 per hour up to $15 per hour. Some politicians, Sen. Bernie Sanders for one, declare that people
Cyrus Poonawalla is one of India’s and the world’s wealthiest businessmen. With a net worth of $13.2 billion, the 80-year-old is India’s 12th richest person. He nearly five-folded his net worth in a decade, according to Forbes. His enterprise, which he began when he was
The Electoral College as a Restraint on American Democracy: Its Evolution from Washington to Jackson
When the American colonies declared their independence from Britain in 1776, the fundamental principle underlying the new government they created was the principle of liberty. To the Founders, liberty meant freedom from government oppression, because at that time, government was the primary threat to the