The Modern State Cannot Exist without Fiat Money
Fiat money is the fuel of the modern Leviathan state. If we wish to have freedom, we must have sound money. Original Article: "The Modern State Cannot Exist without Fiat Money" This Audio Mises Wire is generously sponsored by Christopher Condon.
Is the Japanese Low Inflation–Low Interest Rate Model at an End?
The macroeconomic situation in Japan seems to be coming to a head. When the Bank of Japan, under its President Haruhiko Kuroda, announced on December 20, 2022, that it would raise its interest rate ceiling on ten-year Japanese government bonds
Fiat Money Inflation Not Only Raises Prices but Also Undermines Division of Labor
Government interference into money creation and production harms the economy in a number of ways, including skewing the organization of division of labor. Original Article: "Fiat Money Inflation Not Only Raises Prices but Also Undermines Division of Labor" This Audio Mises Wire is
“Stakeholder Capitalism” Is an Incoherent Term
At the annual World Economic Forum meeting in Davos this year, Klaus Schwab gave a televised interview where he said that stakeholder capitalism will become the ideal economic system for efficiently allocating resources in order to “master ze future.” However,
Social Security Taxes Aren’t “Your” Money
After French protestors took the street to complain about the increase in the retirement age, I read quite a few jokes in social media about how protesting in France is the local pastime.
Why the End of the Petrodollar Spells Trouble for the US Regime
On January 17, the Saudi minister of finance, Mohammed Al-Jadaan, announced that the Saudi state is open to selling oil in currencies other than the dollar. “There are no issues with discussing how we settle our trade arrangements, whether it
Why the Fed Is Bankrupt and Why That Means More Inflation
The Fed is insolvent, and that means that it will bail itself out by printing money. For ordinary people, that means inflation and a rising cost of living. Original Article: "Why the Fed Is Bankrupt and Why That Means More Inflation" This Audio
The End of Monetary Hedonism
Does cheap money and credit make us richer? Does more money and credit create more stuff, or better stuff? Do they make us happier and more productive? Or do these twin forces actually distort the economy, misallocate resources, and degrade
Empty Malls and Shopping Centers: How Government Fuels Malinvestments
If you live in the United States, you are most likely familiar with empty storefronts, especially in malls. Once-great shopping centers are now suffering vacancies and a lack of patrons. To the readers of mises.org, it should not be surprising