January 2022

In its effort to patch together a working financial system out of postwar crises, the Federal Reserve would wildly exceed its mandate, flooding the world with dollars. Original Article: "Money and Banking in the US after the Crises of the 1970s

Countries must remain free to refuse the edicts of global institutions of "government" like the World Bank or the IMF. This is true even when the stated goal is advancing free markets. Original Article: "Global Governance versus Freedom and Free Enterprise" This

Thanks to vast regulatory powers, regimes have many tools and many advantages in propping up fiat currencies when faced with competition from other currencies. Original Article: "What the Regime Will Do to Fight Private Digital Currencies" This Audio Mises Wire is generously

The concept of a pioneer’s advantage is based on a single, intuitive pillar: it takes time for knowledge to spread throughout society. When an entrepreneur mixes his existing knowledge and creates a new idea—in other words, innovates—he is the one who

Fractional reserve banking has existed throughout history, long before the creation of government currencies or central banks. Once monetary custodians realized that not all depositors would demand repayment simultaneously, the practice of lending out deposits in excess of reserves became

Here we go again. Since the original Gulf War in 1991, a certain pattern has emerged. Every few years, the regime in Washington attempts to whip the American people into a frenzy so as to support the latest American invasion

Introduction: Two Rights, Old and New In the spring of 1970, a new political term—"the hard hats"—burst upon the American consciousness. As the hard-hatted construction workers barreled their way around the Wall Street area, beating up college kids and peace demonstrators,

Across so many fields, from money to nutrition, I’ve found that the corollary to the government-heavy approach is a desire not to make choices for oneself. Original Article: "Who Needs Personal Responsibility When We Can Just Trust Our Overlords?" This Audio Mises

Libertarians stress self-ownership and property rights, but one variant position, held by Albert Jay Nock and Frank Chodorov, limits property rights. In their view, which they derived from the nineteenth-century economist and social reformer Henry George, you own only the

On Wednesday, the Federal Open Market Committee (FOMC) held true to its monetary-tightening timeline despite last week’s 10 percent drawdown in most major indices, effectively saying, “10 percent is not enough.” With retail sales numbers that will surely return to trend without