Money Is Not Wealth, Nor Is Wealth Natural Resources
Development economists often confuse natural resources with wealth and then are puzzled when countries rich in resources experience widespread poverty. Free markets lead to creation of wealth, period. Original Article: "Money Is Not Wealth, Nor Is Wealth Natural Resources" This Audio Mises
Malcolm McLean: The Unsung Capitalist Hero Who Changed the World One Container at a Time
Ask the average person what they believe to be the most economically important innovation of the twentieth century, and they’ll probably point to the internet. The internet has certainly disproved Paul Krugman’s prediction that it would have no greater impact
Should Libertarians Get behind States Waging “Humanitarian” Wars?
Fernando R. Tesón is all mixed up. He thinks libertarians' principled nonaggression ties their hands in the face of violence against others and that this limitation extends to good-guy states. Original Article: "Should Libertarians Get behind States Waging "Humanitarian" Wars?" This Audio Mises
Trapped by Imperialist Leviathans: The Case for Freedom in Central and Eastern Europe
In the previous articles I touched upon the question about subject of global American hegemony and its consequences for freedom. Now let’s look at the problem from another perspective. In the 1980s, Poland viewed the United States as a country
How the Public Lost Trust in the Federal Reserve (Which Should Never Have Been Trusted in the First Place)
Between its political happy talk in the contrast to reality and its broken promises, whatever credibility the Fed had in the past is long gone Original Article: "How the Public Lost Trust in the Federal Reserve (Which Should Never Have Been
Leftists and Nationalists: A Brotherly Conflict in India
Currently, the brawl between the so-called left wing and right wing has taken places in India. Nationalism is on the rise, as the BJP (Bharatiya Janata Party) is in power, and those who oppose them are generally called leftists or
AB 257: Another Antieconomic California Boondoggle
Not satisfied with putting thousands of people out of work with its infamous AB 5 legislation, California lawmakers now are going after fast-food businesses. Original Article: "AB 257: Another Antieconomic California Boondoggle" This Audio Mises Wire is generously sponsored by Christopher Condon.
Money Does Matter: The End of the Gold Standard Led to a Lower Standard of Living
On August 15, 1971, Richard Nixon announced that the US dollar (USD) would no longer be redeemable in gold. This was supposed to be temporary. And yet, 51 years later, here we are. The gold standard was gradually destroyed in the twentieth century.
Falling Military Recruitment Is Another Sign of Waning Faith in the Regime
The US Army reports it is having some serious problems when it comes to recruiting new soldiers. Last month, according to the AP: “Army officials … said the service will fall about 10,000 soldiers short of its planned end strength for
The New Green Economy Is Little More than a Keynesian Spending Scheme
Advocates of the New Green Deal emphasize new "green jobs" and other benefits, but the NGD is basically a Keynesian scheme in which government allegedly spends us into prosperity. Original Article: "The New Green Economy Is Little More than a Keynesian