Why Libertarians Should Support the Multipolar World
Current international tensions have intensified a debate that has existed for at least a decade between two radically different views of the world and international relations: the unipolar world and the multipolar world. When libertarians disagree on foreign policy, the
The “True” Money Supply: A Measure of the Supply of the Medium of Exchange in the U.S. Economy
The "True" Money Supply (TMS), developed by Professor Murray Rothbard and myself,1 is an admitted imperfect attempt to provide a statistical measure of money that is consistent with the theoretical definition of money as the general medium of exchange in
European Shadow Unemployment Is a Real Problem
There is an undeniable negative trend in European employment and wages that is a direct consequence of constantly increasing intervention in the economy. Original Article: "European Shadow Unemployment Is a Real Problem" This Audio Mises Wire is generously sponsored by Christopher Condon.
Why Mises’s Theory of Economic Calculation Still Is Relevant Today
Until the publication in 1920 of Ludwig von Mises’s work on the problem of economic calculation in socialism, there was no scientifically useful analysis of the economics of the socialist economy. With that work , and its development in the comprehensive treatise
Record Low Unemployment Indicates Trouble Ahead
Mark Thornton discusses the history of record low unemployment rates and the business cycle. See "Unemployment Rate" (UNRATE) from the Federal Reserve Bank of St. Louis: Mises.org/MI_04_Chart Be sure to follow Minor Issues at Mises.org/MinorIssues.
Yes, the Minimum Wage Harms the Economy
The imposition of minimum wages harms the economy, although there are nuances in how much harm they cause. It is better not to impose minimum wages at all. Original Article: "Yes, the Minimum Wage Harms the Economy" This Audio Mises Wire is
Managing Money Is as Important as Making It: The Sad Case of Athletes Going Broke
Lacking a solid team is a recipe for organizational failure, and those intending to excel in business—or any other sector—must invest in management. Considering that many professional athletes encounter bankruptcy shortly after retiring, they are a demographic that could greatly
The New Rules of Engagement
All people of goodwill have an obligation to fight the escalation of politics in American life. Original Article: "The New Rules of Engagement" This Audio Mises Wire is generously sponsored by Christopher Condon.
Producers Should Reject Calls to “Give Back”
All too often we are told that government employment equals selflessness and working for profit constitutes greed. It's time to reassess the meaning of certain words. Original Article: "Producers Should Reject Calls to "Give Back" This Audio Mises Wire is generously sponsored
Central Banks Turn to Gold as Losses Mount
The only reason central banks buy gold is to protect their balance sheets from their own monetary destruction programs; they have no choice but to do so. Original Article: "Central Banks Turn to Gold as Losses Mount" This Audio Mises Wire is