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Imagine you are a young, idealistic doctor. After some years in clinical practice at a private hospital you tire of the fact that more of your time is spent filling out forms and attending staff meeting than with your patients.

Price inflation and the resulting business cycles are monetary phenomena, and without increases in the money supply—i.e., monetary inflation—there is no price inflation. If the world were a very simple place, we would see this relationship clearly displayed: when the money

While we speak of a desire for honest money, the larger problem is that the Federal Reserve System cannot coexist with an honest money regime. Original Article: "Honest Money in Dishonest Hands" This Audio Mises Wire is generously sponsored by Christopher Condon. '

Every theory must ultimately meet two tests: one, that of internal consistency, the other that of consistency with reality.—Frank A. Fetter The great economist Ludwig von Mises played a seminal role in bringing about a paradigm shift in monetary economics resulting

Florida's government promotes a "shared adversity" plan in which individuals and organizations have distant environmental problems imposed upon them. Original Article: "Critiquing Florida's Public Policy of "Shared Adversity"" This Audio Mises Wire is generously sponsored by Christopher Condon. '

Before beginning, I am highly grateful and impressed by the success and spread of my previous work “Consumers, Workers, and Monopolies: Free Markets Serves All.” The article aimed to give a brief explanation of the importance of consumers in Markets

This week, the Supreme Court of the United States is confronting yet again an issue that has bedeviled it for the past thirty years: the use of racial quotas by government-owned universities and private universities that accept government funding. The last

The Federal Reserve's Federal Open Market Committee (FOMC) raised the target federal funds rate 75 basis points on Wednesday, marking the fourth 75-basis-point hike in a row since June.  The federal funds rate is now the highest it's been since December

On this episode of Radio Rothbard, Tho Bishop and Ryan McMaken preview next week's midterms. How big of a red wave is on the horizon, and how much does it really matter? Should the real focus be on governor races?

As the inevitable economic downturn becomes more evident, the Fed will attempt to stop deflation. But what this economy needs is a good dose of it. Original Article: "Black Hole or Shock Absorber: How Does a Free-Market Economy Respond to Crises?" This Audio