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Johan Smit wrote an opinion piece in which he highlighted the double standards of treatment in situations where the private sector was treated more harshly than the state when both parties committed similar offenses. To prove his point he referenced

The fiat monetary system is slowly breaking down, taking the economy with it. Original Article: "The Present Fiat Monetary System Is Breaking Down" This Audio Mises Wire is generously sponsored by Christopher Condon. 

The purpose of this essay is not to convince the reader of the necessity for change. It is to present some commonsense policy changes to attempt to mitigate the economic harm that has been done to Western economies, especially to

I was born shortly after the end of World War II, in 1949, in the British occupied zone of West Germany. My parents were both refugees, endangered at or forcibly expelled from their original homes in Soviet-occupied East Germany. As

Keynesian economists fantasize that a market economy cannot "gain traction" without "stimulus" schemes from the government. In the end, the only thing stimulated are inflation and recession. Original Article: "Why Economic Stimulus Can't Work" This Audio Mises Wire is generously sponsored by

theory. Despite being written in the early twentieth century, its arguments and conclusions are still valid and interesting today. Mises describes five characteristics that are vital to the function of money: marketability, durability, fungibility, trustworthiness, and convenience. The history of money

In economics, production and marketing are not separate concepts. Production responds to customers’ needs and marketing is the expression of those needs inside the firm. The entire customer-facing activity of the firm is marketing. Like any other business activity, there

Progressives claim that poor nations are that way because wealthy nations exploit them through the capitalist system. Cultural institutions, it turns out, are the most important indicators of wealth and poverty. Original Article: "When It Comes to National Prosperity, Don't Forget

In 2011, the Federal Reserve invented new accounting methods for itself so that it could never legally go bankrupt. As explained by Robert Murphy, the Federal Reserve redefined its losses so as to ensure its balance sheet never shows insolvency.

The number one threat to our lives and prosperity is the US government. How could it otherwise be? Loaded with trillions of dollars acquired through legalized theft, the US government has gone beyond mere incompetence and foreign adventurism; it now colludes