Do People Accept Money Because Government Endorses It?
Why does money have value? Typical economists claim that money is valuable because the government declares it so. But that is impossible, given the true origins of money, which are best …
Mises Wire
The “Stunning Success” of the Green Revolution Is Yet Another Progressive Myth
An enduring progressive myth is that thanks to Western technologies and compassionate NGOs, American agricultural scientists saved the developing world via the Green Revolution. Not surprisingly, the truth is found elsewhere. …
Seeing the Student Loan Crisis as a Form of Boom and Bust
Conservatives have missed the point that it is not students particularly that are at fault for the student loan crises, but the entire bureaucratic economic-political system. Original Article: “Seeing the …
Our Fall Campaign Starts Today!
The mission of the Mises Institute is simple. We want to spread the ideas of Ludwig von Mises and the scholars he inspired. Ideas that are vital for a free …
Europe Ditched Russian Energy. Now People Are Sitting in Line For Days to Buy Coal. Is Biden to Blame?
Winter is approaching and Europeans are facing homes without heat, thanks to the US-led sanctions against Russia. Who will carry the blame when people freeze to death? Original Article: “Europe …
Democracy and Liberty
[This article is excerpted from Liberty: A Path to Its Recovery (1949). An audio file of this article, narrated by Colin Hussey, is available for download.] It is generally accepted …
The Fed Is Finally Seeing the Magnitude of the Mess It Created
When asked about price inflation in his Sunday interview with 60 Minutes, President Biden claimed that inflation “was up just an inch…hardly at all.” Biden continued the dishonest tactic of …
Money Is Not Wealth, Nor Is Wealth Natural Resources
Development economists often confuse natural resources with wealth and then are puzzled when countries rich in resources experience widespread poverty. Free markets lead to creation of wealth, period. Original Article: …
Lessons from a Massacre Committed 450 Years Ago
On this day in 1572, French Catholics slaughtered thirty thousand Protestants (known as Huguenots) in the streets of Paris. The French king and the pope helped organize the the biggest …
Trapped by Imperialist Leviathans: The Case for Freedom in Central and Eastern Europe
In the previous articles I touched upon the question about subject of global American hegemony and its consequences for freedom. Now let’s look at the problem from another perspective. In …