How Nixon and FDR Used “Crises” to Destroy the Dollar’s Links to Gold
In 1971, Nixon used a fiscal crisis to justify severing the dollar’s last connection to gold. It was the same old story: “we must vastly expand government power because of …
Mises Wire
Review: Stalin’s War: A New History of World War II
Stalin’s War: A New History of World War IIby Sean McMeekinBasic Books, 2021831 pp. Probably the dominant mainstream view of World War II goes like this. World War II was …
Lithuania’s Crackdown on the Unvaccinated
O, my offense is rank, it smells to heaven,It hath the primal eldest curse upon’t,A brother’s murther! –Hamlet, act 3, scene 3 Violations of fundamental human rights and the mistreatment …
Paranoia about American Weakness Rests on a Flawed Understanding of History
Victor Davis Hanson’s cartoonish conception of how foreign states act is not supported by history and contributes to the US government’s insane defense expenditures and destructive crusades around the globe. …
The Lasting Legacy of Carl Menger
Carl Menger (February 23, 1840–February 26, 1921) is the founder of the Austrian school of economics. He is generally recognized in economics for his contribution to the development of the …
Vaccine Mandates and the “Great Reset”
Pressure on the unvaccinated grows. While the vaccinated in some countries are getting back some of their freedoms taken away by the covid interventions, the unvaccinated are not so well …
Mises in Peru: La Prensa Interview, 1950
The following interview of Ludwig von Mises was conducted in Lima, Peru, by La Prensa and published on January 4, 1950. Thanks to Cesar Usquiano for this translation. During his stay in …
Where Prices Come From: Menger Explains
Prices Reflect Exchange Ratios Prices, as Menger points out in his Grundsätze, emerge as an accidental phenomenon. They are not the essence of economic activity. Prices are fortuitous insofar as …
Macroeconomic Data Is a Tool for Government Intervention
It is common for commentators and economists to refer to something called the “economy,” which sometimes performs well and at other times poorly. The “economy” is presented as a living entity …
Two Percent Inflation Is a Lot Worse Than You Think
Even at a “mere” two-percent level, cumulative price increases over time are nothing to scoff at. Even worse, if we look at what people really spend money on, price inflation …