July 2021

Vaccine mandates are coming. Good, said Indiana University chief health officer Aaron E. Carroll.  “When it comes to incentives, most people like carrots,” Carroll wrote in his New York Times essay. “Sometimes, though, people need sticks.” Carroll laments the fact that incentives

Recorded at the Mises Institute in Auburn, Alabama, on 18 July 2021.

New York was the toughest nut for the Federalists to crack. For here was one state where not only was the population overwhelmingly opposed to the Constitution, but the opposition was also in firm and determined control of the state

From 1965 to 1995, Botswana recorded the fastest rate of economic growth in the world. The spectacular success of Botswana has baffled many analysts, because after securing independence in 1966, Botswana's prospects were unpromising. After all, Botswana is landlocked and on

Without money, specialization is constrained; without money, dreams of constructing an advanced society are merely a utopian pipe dream. Original Article: "From Livestock to Bitcoin: "Legitimacy" and the Evolution of Money​​" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated

Old, absurd, and unfit for purpose; how else to describe the “new” monetary framework for euro monetary policy presented by ECB Chief Lagarde amidst much fanfare on Thursday, July 8? Why old? The “new” framework is remarkably similar to that unveiled

Saifedean Ammous, famous for The Bitcoin Standard, has a remarkable new book detailing the effects of fiat money on virtually every aspect of society. In the tradition of Guido Hülsmann's The Ethics of Money Production, Ammous returns with The Fiat

The outcome of today's currency race is uncertain. The credibility of the leading fiat currencies has suffered substantially. Their instability has fueled crises and weakened growth, so the demand for an alternative store of value is high.  Original Article: "Can the

From the Roaring Twenties to the "great moderation," America has always shown a flair for labeling things, and speculative manias are no exception. Historians remember the ignorant, blissfully happy times that preceded the Panic of 1819 by the same label