Money: Its Importance, Origins, and Operations
[This article is excerpted from The Mystery of Banking.] I. Money: Its Importance and Origins 1. The Importance of Money Today, money supply figures pervade the financial press. Every Friday, investors breathlessly watch for the latest money figures, and Wall Street often reacts
Socialism Is Not Groupthink, but Statethink: A Brief Comment on Jordan Peterson
Jordan Peterson has linked identity politics to socialism. Instead, socialism is about empowering the state. Original Article: "Socialism Is Not Groupthink, but Statethink: A Brief Comment on Jordan Peterson" This Audio Mises Wire is generously sponsored by Christopher Condon.
What Economics Is
[This article is chapter 1 from Bylund’s new book How to Think about the Economy: A Primer.] Economics is an exciting field. The economics of old sought to uncover how the world works. It showed, or even proved, that there is a
Jordan Lams on Finding and Patiently Developing Your Entrepreneurial Focus
We define entrepreneurship in terms of people working creatively to make others’ lives better. That’s a very broad statement, of course, so it’s instructive to observe how individual entrepreneurs choose to make some customers’ lives better in some specific ways
Central Bankers Are Gaslighting Us about the “Strong Dollar”
On February 8, the Japanese yen fell to a 24-year low against the dollar, dropping to 143 yen per dollar. Not much has changed since then with the yen hovering between 142 and 144 per dollar. In September of 2021,
Does Capitalism Itself Create Economic Instability or Is Central Banking the Culprit?
Instability in financial markets has brought back the ideas of post-Keynesian school of economics (PK) economist Hyman Minsky. Minsky held that the capitalist economy inherently is unstable, culminating in severe economic crisis, accumulation of debt being the key mechanism pushing
The Enclosure Movement and the Agricultural and Industrial Revolutions
While historians paint the enclosure movement in negative terms, it actually played an important role in developing agricultural entrepreneurship. Original Article: "The Enclosure Movement and the Agricultural and Industrial Revolutions" This Audio Mises Wire is generously sponsored by Christopher Condon.
Practicing Politics as Self-Defense
The biggest uncertainty with libertarianism is not whether it is moral but whether it is achievable. Some form of libertarianism is what ought to be. Aggressive violence can’t be moral under any circumstances. The state is an institution that relies on
Five Keys to Professional and Personal Development
[This talk was delivered on Friday, September 2, 2022, to a student workshop at the Ron Paul Institute conference in northern Virginia.] The remarks I’ve prepared today relate to your personal and professional development, which are of course closely interrelated. This is
Three Cheers for Hoppe
The leftist rag Mother Jones doesn’t like Blake Masters, the Republican nominee for the US Senate from Arizona. It’s no surprise that this magazine would oppose a conservative candidate, but according to the author of the piece, Noah Lanard, Masters is guilty