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Is praxeology inconsistent? Praxeologists criticize neoclassical economists for using false assumptions in their models. For example, neoclassicals acknowledge that the conditions for “perfect competition” are never found in the actual world. Firms selling a good such as wheat may not

UK entrepreneur and founder of the Cobden Centre Toby Baxendale joins Bob to discuss meeting Hayek, the history of economists supporting 100% reserve banking, and the tools central banks and governments will use to enact "financial repression."

Standard neoclassical definitions of money call it a means of exchange and a store of value. But is this correct? Original Article: "Cryptocurrency as Money—Store of Value or Medium of Exchange?" This Audio Mises Wire is generously sponsored by Christopher Condon. '

On Saturday, protests supporting Julian Assange will occur around the world. In London, Assange supporters will link arms around the parliament building. Protests will also occur outside the Justice Department headquarters in Washington (I’ll be one of the speakers), D.C.,

For most economists the velocity of money circulation is an important factor in determining the prices of goods and services. If, for example, the quantity of money increased by 10 percent in a given year, while the price level has

President Biden's recent student loan forgiveness initiative only exacerbates the real problem: the cost of a college education, thanks to government intervention, is outrageously high. Original Article: "Student Loan Forgiveness Treats the Symptom, Not the Disease" This Audio Mises Wire is generously

[This article is adapted from A Guide to Good Money: Beyond the Illusions of Asset Inflation by Brendan Brown and Robert Pringle (2022, Palgrave Macmillan).] Bad money regimes base themselves on a dysfunctional social contract. You, the people, agree to put up with a

Foundation for Economic Education founder and cornerstone Leonard Read always had an ear out for widely accepted but misleading clichés that served to aggrandize government power and limit liberty. In his 1965 “A Cliché of Socialism: Under Public Ownership, We

The Fed claims 2 percent inflation promotes "price stability." However, that policy also causes the boom-and-bust cycle, which is anything but stable. Original Article: "How the Policy of Price Stability Generates Greater Economic Instability" This Audio Mises Wire is generously sponsored by Christopher Condon.

Imagine a hypothetical libertarian paradise (“Paradise”) that seeks only to live in peace and harmony with the rest of the world. Unfortunately, the rest of the world is not as pacifistic as Paradise; indeed, it has at least a few