Three Cheers for Mises
Today marks the birthday of Ludwig von Mises, and day 4 of our annual Fall Campaign. Mises was the most important scholar of the twentieth century, a man who not only revolutionized our understanding of economic science, but was both the
Do People Accept Money Because Government Endorses It?
Why does money have value? Typical economists claim that money is valuable because the government declares it so. But that is impossible, given the true origins of money, which are best explained by Austrian economists. Original Article: "Do People Accept Money Because
Central Banks Claim to Preserve the Value of Money through Inflation
It may sound like a bad joke, but several central banks actually claim this. On the website of Sweden’s central bank, the Riksbank, you can read it both in English and Swedish. In English, the statement says: “The Riksbank is Sweden’s
We Don’t Believe You
David French, maybe National Review’s most reliably wrong scribe, issued this gem in response to the FBI raid on Donald Trump’s residence in Florida: french2_2.jpg
Germany’s (and Europe’s) Self-Inflicted Upcoming Energy Crunch
At the urging of the United States, Germany and other European governments have levied sanctions against Russia. In reality, these governments have levied sanctions against themselves and their citizens. Original Article: "Germany's (and Europe's) Self-Inflicted Upcoming Energy Crunch" This Audio Mises Wire
False Thought Patterns of the Catastrophists
Fossil Future: Why Global Human Flourishing Requires More Oil, Coal, and Natural Gas—Not LessBy Alex EpsteinPortfolio 2022xii + 468 pp. In his remarkable new book, Alex Epstein has changed the terms of the debate about the danger of “global warming” and
In Latest Recession Signal, Money-Supply Growth Plummeted to a Three-Year Low in August
Money supply growth fell again in August, dropping to a 36-month low. August's drop continues a steep downward trend from the unprecedented highs experienced during much of the past two years. During the thirteen months between April 2020 and April 2021, money supply
Debunking Fossil Fuel Hysteria: An Interview with Alex Epstein
Jeff Deist: Alex Epstein is our special guest this week. He runs the Center for Industrial Progress, was formerly at the Ayn Rand Institute, and has a background in philosophy. He wrote a famous book called The Moral Case for
History Repeats Itself: Abandoning Sound Money Leads to Tyranny and Ruin
Money is one of the most misunderstood topics of our time, and we’re seeing the implications of this play out every day. To understand money, one first must first understand that human beings have always been incentivized to participate in
From the Publisher September–October 2022
Who frames the “climate” debate in this country? Or any political debate, for that matter? We all know the answer. Left progressives have mastered the emotive art of posing supposedly good intentions as actual arguments. They enjoy a childlike state of