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The states of Europe have more than enough wealth and military potential to deal with a second-rate power like Russia. The American taxpayers, on the other hand, deserve a break from Europe's grifting. Original Article: "NATO: Our International Welfare Queens" This Audio

Some blame high prices, wages, the Ukraine war, or the weak recovery. The fact is currency destruction is at the heart of generalized price rises everywhere. Original Article: "Commodities Do Not Cause Inflation. Money Printing Does." This Audio Mises Wire is generously

The usual "experts" claim inflation is a general increase in the price level. Wrong. Prices rise because of inflation, which is a government-caused increase in the amount of money in circulation. Original Article: "Inflation Isn't What the "Experts" Say It Is.

Vladimir Putin’s invasion of Ukraine was met with unprecedented economic sanctions by the United States and its allies in order to cripple Russia’s capacity to wage war. Never before in post–World War II history has an economy of Russia’s size

Study of business cycles must be based upon a satisfactory cycle theory. Gazing at sheaves of statistics without "pre-judgment" is futile. A cycle takes place in the economic world, and therefore a usable cycle theory must be integrated with general

“Most citizens are not doing us any favor by voting. Asking everyone to vote is like asking everyone to litter.”—Jason Brennan, Against Democracy No, the title is not a typo: I mean the opposite of the quip many people use after

Jeff and Bob discuss whether America has its own oligarchs instead of Hoppe's "natural elites." Hoppe's essay mises.org/Hoppe338 Jeff on the wrong elites: mises.org/WrongElites Bob on Piketty's bad inequality numbers: mises.org/Bob338    

Those responsible for locking down much of the US during covid blame the pandemic itself for the economic and social havoc that followed. Perhaps they should look at the lockdowns themselves. Original Article: "Lockdowns, Not the Pandemic, Created Havoc" This Audio Mises

The Federal Reserve states that it “conducts the nation’s monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. economy.” However, let’s look at how well the Fed has done that job since its

Lenin called World War I a war among the capitalists of Europe. He was wrong. It was a war among oligarchs, statists who extract wealth from legitimate economic activity at the barrel of a gun. Original Article: "The State: It’s Oligarchs