The Property-Based Social Order Is Being Destroyed by Central Banks
Private property is an institution central to civilization and beneficial human interaction. When central banks distort this institution with easy money, the social effects can be disastrous. Original Article: "The Property-Based Social Order Is Being Destroyed by Central Banks" This Audio Mises
Progressivism’s Failures: From Minimum Wages to the Welfare State
The empirical evidence shows that neither minimum wages or welfare reduce poverty. In fact, minimum wages tend to increase the cost of living while poverty rates have gone nowhere since the Great Society was introduced. Original Article: "Progressivism's Failures: From Minimum
How Federal Funding Is Used to Control Colleges and Universities
The Washington Post reports that a group of thirty-three current and former students at Christian colleges are suing the Department of Education in a class action lawsuit in an attempt to abolish any religious exemptions for schools that do not
The Annapolis Convention: The Beginning of the Counterrevolution
[Chapter 12 of Rothbard's newly edited and released Conceived in Liberty, vol. 5, The New Republic: 1784–1791.] By 1787, the nationalist forces were in a far stronger position than during the Revolutionary War to make their dreams of central power come true. Now, in
VAWA Balkanizes Rights, Cynically Erasing Male Indians
The Violence Against Women Act (VAWA) embodies a political trend that cripples human rights in the guise of crusading for them. This trend is the balkanization, or fragmentation, of rights. Recently passed by the House, VAWA has moved to the
Clarifying the Economic Framework for Both Camps in the Bitcoin Debate
Bob helps to clarify the Bitcoin debate. On the one hand, the “no intrinsic value” skeptics are ignoring how Austrians deal with gold, while on the other hand, the “HODL forever” enthusiasts would never allow Bitcoin to become a money. Mentioned
Why Beijing Wants a Digital Yuan
The Chinese regime hopes it can use a digital yuan to challenge the supremacy of the US dollar. That brings a host of geopolitical advantages, as well. Original Article: "Why Beijing Wants a Digital Yuan" This Audio Mises Wire is generously sponsored
Decentralization Is a Step toward Self-Determination
Ludwig von Mises understood that locally based governance "follows necessarily from the principle of the rights of man.” And it's why Rothbard supported secession and local governance right down to the most local level possible. Original Article: "Decentralization Is a Step
Monetary Policy in America Is a Mess. Things Are Even Worse in Europe.
High inflation takes off where political forces are too strong to permit the implementation of harsh remedial measures with respect to taxation and monetary policy such as to prevent an implosion of the national currency. In the contemporary global financial
Fed Transparency Won’t Get Us out of the Mess the Fed Created
In an interview with National Public Radio’s “Morning Edition” program on Thursday, March 25, 2021, Fed chair Jerome Powell said that even with the economy rebounding faster than expected, any change in monetary policy would happen “very, very gradually over