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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

John McWhorter takes on the present infatuation with wokeness and shows the real harm it is doing to our social fabric. Original Article: "Spelling Out the Problem with W-o-k-e-n-e-s-s" This Audio Mises Wire is generously sponsored by Christopher Condon. 

The beautiful Italian town of Bologna is famous for its vast historical center full of medieval buildings, palaces, churches, and elegant porticoes. The visitor is left speechless by the remaining twenty-two towers out of about 180 erected between the twelfth

Unfortunately, when governments all over the world decided to “spend now and deal with the consequences later” in 2020, they also sowed the seeds of a 2008-style problem. Original Article: "2023: You Wanted Endless Stimulus, You Got Stagflation." This Audio Mises Wire

In the ultimate example of “the personal is political,” families form, break up, or expand due to US presidential elections according to a recent article in the American Economic Review. Apparently, the alternative responses of doom or elation that occasions

Those who know Wall Street lore sometimes recall that Fed chairman William Miller—Paul Volcker’s immediate predecessor—joked that most Americans believed the Federal Reserve was either an Indian reservation, a wildlife preserve, or a brand of whiskey. The Fed, of course,