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“It’s five o’clock somewhere,” so the song and the story go. This phrase is used by those wishing to justify drinking alcohol at some point during the day instead of waiting until the usual evening hours. But a happy hour is

The policy response to the covid panic of 2020 in the United States was one of the most widespread direct attacks on fundamental human rights in decades. Overnight—and without any deliberation, debate, or checks and balances—millions of Americans were denied their basic rights

Gold was only included in the plans for the Bretton Woods system because of the veneer of solidity it gave. Original Article: "Bretton Woods and the Spoliation of Europe" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael

Some economists are good at political philosophy as well. Mises and Rothbard of course come to mind, but the good philosophers aren’t confined to Austrian school economists. Amartya Sen and Kenneth Arrow know what they are talking about when it

The gold standard supposed a limit to the fiscal voracity of governments, and suspending it unleashed the perverse proclivity of the states toward indebtedness and to pass the current imbalances on to future generations. Original Article: "The End of the Gold

In January 2020, Hubei and more than a dozen other provinces in mainland China implemented totalitarian lockdown measures, such as the closure of schools and workplaces, and strict restrictions on travel and mobility, including the suspension of all public transport,

It’s a Silicon Valley truism that there’s little point to patenting a good business idea. If it’s truly good, it will be roundly rejected. More specifically, the potential of what’s a great likely won’t be understood. Think about it. If

In 1971, Nixon used a fiscal crisis to justify severing the dollar's last connection to gold. It was the same old story: "we must vastly expand government power because of a 'crisis.'" The government never gives up these new powers. Original

Bob gives a brief history of money in the United States, explaining that the dollar was much “harder” in, say, 1810 than it was in 1910. This explains why there was significant consumer price inflation even in 1970, the year

With the Federal Reserve’s annual Jackson Hole symposium there’s been much talk about when the central bank might allow interest rates to rise, presumably through the process of “tapering.” Tapering would mean easing monthly bond purchases, which would “effectively increase interest