Category Archive: 6b.) Mises.org

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What an Old Coin Collection Tells Us about Money from the Past

2023-12-15

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2023-12-15

I was recently given a coin collection that belonged to another relative. Most of the coins in it are not in circulation anymore, and while you don’t see them every day, they are definitely not rare. Most aren’t in good condition either. In fact, they look much worse for wear than the coins you get as change at the grocery store. So, why would anyone bother to save these when they could have spent these coins? The reason is because, up until 1964,...

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Truth Is the Biggest Threat to Democracy in DC

2023-12-14

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2023-12-14

Early this year, Jack Teixeira, a 21-year-old Massachusetts Air National Guard member, was arrested and charged with transmission of national defense information and other charges. Teixeira allegedly leaked classified documents on the Ukraine war and other foreign policy issues to a Discord gaming group. The document propagated from there and appeared in many news articles in the following months. The Post article sympathetically portrays the...

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Inflationary Expectations Do Not Cause Inflation

2023-12-14

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2023-12-14

According to mainstream economists, the expectation of inflation leads to higher prices. That is impossible, however, because actual inflation involves real increases in the money supply. Original Article: Inflationary Expectations Do Not Cause Inflation

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Texit, Gold, and Ideas for States in 2024

2023-12-14

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2023-12-14

On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop discuss ideas for states to consider going into 2024. With faith in the federal government dropping across the country, Ryan and Tho identify meaningful steps states can pursue to help decentralize political power. Claim your free book: Mises.org/RothPodFree Be sure to follow Radio Rothbard at Mises.org/RadioRothbard. Radio Rothbard mugs are now available at the Mises Store....

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Unraveling the Roots of the German Mark’s Collapse

2023-12-14

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2023-12-14

The 1920s in the Weimar Republic, Germany, constitute a unique chapter in the global economic narrative, a chaotic symphony of financial forces that culminated in one of the most prominent hyperinflations ever witnessed. In this ephemeral period, the upward curve of price indices tested the limits of economic understanding and monetary stability. Between 1921 and 1923, the reichsmark—the German currency of the time—plunged into an inflationary...

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As the US Treasury Runs Out of Creditors, Its Options Dwindle

2023-12-14

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2023-12-14

With US government debt skyrocketing past $33 trillion and possible recession looming, the Treasury faces the prospect of running out of suckers. Finding buyers for US debt will become much more difficult. Original Article: As the US Treasury Runs Out of Creditors, Its Options Dwindle

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President Biden Is Wrong. Military Spending Does Not Produce Wealth

2023-12-14

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2023-12-14

So far, the White House has justified its unwavering support for Ukraine on lofty grounds such as defending democracy and freedom—both in Ukraine and in the West. However, with the American public—who bears the cost of the war in Ukraine—turning against it, several Republican lawmakers questioning its purpose and affordability, and elections approaching, the Biden administration has changed the messaging on the war. Its new line is that sending...

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Get Your Free Booklet by Joe Salerno!

2023-12-14

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2023-12-14

There has been a radical change in the social and political landscape in this country, and any person who desires the victory of liberty and the defeat of Leviathan must adjust his strategy accordingly. New times require a rethinking of old and possibly obsolete strategies.–Murray N. Rothbard Murray Rothbard wasn't only a brilliant economist, historian, and political philosopher; he was a man driven to defend the cause of liberty against the...

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Will Powell’s Pivot Bail Out Biden?

2023-12-14

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2023-12-14

For the last few years, Jerome Powell has remained constant: the Fed was ready to do anything necessary until inflation returned to its 2% target.  Today, Powell blinked. While the Federal Reserve’s own optimistic projections place their preferred inflation measures staying above two percent until 2026, Powell used the December meeting to unravel the equivalent of a Mission Accomplished banner on the fight against inflation, potentially with the...

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Should We Embrace the Stateless Roman Political Thought?

2023-12-13

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2023-12-13

The concept of the state has more to do with the worldview of ancient Greek philosophers than with the Roman Empire. We could learn a few things about statelessness from the Romans. Original Article: Should We Embrace the Stateless Roman Political Thought?

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Africa Doesn’t Need More Government Aid; It Needs Free Markets

2023-12-13

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2023-12-13

With a large regional market and youthful population, Africa should be on the cusp of greatness. Yet instead, it remains the poorest continent on earth. Analysts are conceding that Africa’s outlook is gloomy because the region is on track to miss poverty reduction goals. Successive African administrations have consulted multiple strategies to tackle the scourge of poverty with varying degrees of success; however, the plague of poverty has been...

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Remembering the Great Henry Hazlitt on His Birthday

2023-12-13

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2023-12-13

Henry Hazlitt, a great champion of liberty and Austrian economics, was born on November 28, 1894. His most famous book, Economics in One Lesson, remains a best seller thirty years after his death. Original Article: Remembering the Great Henry Hazlitt on His Birthday

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The Immorality of COP28

2023-12-13

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2023-12-13

For the last two weeks, delegates from the world’s governments have met in the United Arab Emirates for COP28, the United Nation’s annual climate change conference. Over one hundred thousand attendees, ranging from heads of state to climate bureaucrats, corporate leaders, nongovernmental organization representatives, and activists, descended on the lavish Dubai venue to hash out new policies for governments to force on their citizens in the name of...

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Overcoming Chinese Communist GDP Myths

2023-12-12

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2023-12-12

While China achieved strong economic growth in the post-Mao years by allowing free markets to work, the Communist leadership wants to return the economy to its old socialist ways. However, while the government can give fake growth numbers, it cannot reverse socialist failures. Original Article: Overcoming Chinese Communist GDP Myths

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Can a Libertarian Find Hope in Prison? Maybe

2023-12-12

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2023-12-12

Contrary to popular assertions, Ancapistan is a real place and is conventionally referred to as prison. In all seriousness, I have been living in the US federal prison system for four years now, and in many ways, prison society actually is fairly anarchic. Considering these societies (plural because prison culture is heterogeneous across geography and across institutions’ security levels) seriously should dispel any notions of humanity that could...

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Bourne Again

2023-12-12

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2023-12-12

David Gordon reviews Only a Voice, by George Scialabba, dealing with the author's comments on antiwar progressives Randolph Bourne and Dwight Macdonald. Original Article: Bourne Again

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The Anatomy of the Statist

2023-12-12

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2023-12-12

The statist is a complex creature, composed of many parts, some of which are more obvious than others. No two statists are exactly the same, but many of them share a set of common elements. Studying these elements can shed light on why the statist is so wedded to their statism, and it can also shed light on what can be done to transform them into a civilized human being. The following list of elements is by no means accurate or complete. This is,...

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Napoleon: Europe’s First Egalitarian Despot

2023-12-11

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2023-12-11

For those who value self-determination, free markets, peace, and freedom, Napoleon provides little to be admired. He was a despot, a warmonger, a centralist, and a hypocrite who claimed to spread freedom to justify his own lust for conquest and power.  Original Article: Napoleon: Europe's First Egalitarian Despot

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How Did the U.S. Government Become So Big?

2023-12-11

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2023-12-11

How big is the federal government? Two measures are the number of civilian employees (nearly two million) and the number of agencies (now exceeding 440). These numbers barely hint at their massive meddling into business activities and the personal lives of Americans. While government was relatively small and less intrusive during its first hundred years, the Constitution held defects. In part, they resulted from the unavoidable compromises of...

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Today Is the Best Day of the Year to Rob a Bank

2023-12-11

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2023-12-11

Today, the Fed takes a short break from robbing us via inflation and, instead, delivers huge amounts of cash to banks to service Black Friday purchases. The large cash infusions often make banks vulnerable to robberies. Original Article: Today Is the Best Day of the Year to Rob a Bank

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