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The Russian central bank recently announced that it will stop buying gold at a fixed rate and will instead buy them at the negotiated rate from banks. Following the numerous sanctions which were imposed on Russia. The Ruble had fallen

The first libertarian intellectual was Lao-tzu, the founder of Taoism. Little is known about his life, but apparently he was a personal acquaintance of Confucius in the late sixth century BC and like the latter came from the state of

Jeff and Bob discuss the mechanics—and pain—required to put an end to inflation. Read Bob's Understanding Money Mechanics: Mises.org/Mechanics

Both Ludwig von Mises and Murray Rothbard thought highly of Alfred Schutz, an Austrian philosopher and sociologist who studied with Mises in Vienna and worked as both an academic and an investment banker in Austria and later in the United

Paul Krugman recently wrote that the reason we see high inflation is that people mistakenly believe inflation is in our future and act accordingly. This reasoning is false. Original Article: "Do "Inflationary Expectations" Cause Inflation? Contra Krugman, the Answer Is No" This

The doctrine of sovereign immunity1 is the antithesis of libertarianism.2 Immunity from the consequences of its actions makes the state (i.e., those who work for it) so very dangerous. A private party who causes manifest measurable harm to others can be sued,

As hard as it is to believe, the Chinese regime is still employing a “zero covid” strategy and claims it can eradicate covid entirely through lockdowns and vaccinations. China’s draconian, nightmarish, near-total lockdown policy—which is notably still “necessary” in spite

[This is Murray Rothbard's introduction to Frank A. Fetter's Capital, Interest, and Rent.] Frank Albert Fetter (1863–1949) was the leader in the United States of the early Austrian school of economics. Born in rural Indiana, Fetter was graduated from the Indiana University

The world is in chaos, so politicians MUST do something. Hence, they demand autarky, which is like attempting to put out a fire by pouring gasoline on it. Original Article: "And Now for a Really Bad Response to Political Calamity: Autarky" This

In this episode of Radio Rothbard, Ryan McMaken and Tho Bishop take a look back at previous statements by current members of the Fed. For years, the Fed said the biggest problem was a lack of inflation. Now, with inflation