Mises in Wartime
Like many others, Mises anticipated the outbreak of World War I years in advance. Unlike many others, he dreaded it. He was a Lieutenant of the Austro-Hungarian Army and dearly …
Mises Wire
Turkey’s Economy Is in Big Trouble
Over the years observers of Turkish politics have become somewhat inured to erratic swings in policy coming out of Ankara. Particularly since the political reforms of 2017, his high degree …
Why Did the World Choose a Gold Standard Instead of a Silver Standard?
Among those who support the end of government fiat money, it’s not uncommon to hear and see claims that gold is “the best money” or “natural money” or the only …
Tracy Høeg on the Antiscience of School Closures
Our guest is Tracy Høeg, MD, PhD, who has made remarkable research contributions pertaining to SARS-COV2 transmission in schools and to vaccine-related myocarditis. She has published her findings in the …
F.A. Hayek and the Concept of Coercion
[This article is taken from chapter 28 of The Ethics of Liberty.1 Listen to this chapter in MP3, read by Jeff Riggenbach. You can listen and download the entire book …
Mark Packard On Entrepreneurial Imagination: You Can’t Do Business Without It
Imagination is the first stage of any value generation journey — starting a development project, enhancing the customer experience, embarking on innovation, or building a business for the next year …
Will Artificial Intelligence Create a Socialist Paradise?
Relating a quip by Soviet economist Nikolai Fedorenko, Yuri Maltsev illustrated the problem with socialism in his foreword to Ludwig von Mises’s Economic Calculation in the Socialist Commonwealth. Fedorenko said, …
Anarchist’s Progress
The Majesty of the Law When I was seven years old, playing in front of our house on the outskirts of Brooklyn one morning, a policeman stopped and chatted with …
Japan’s Inflation Is Hidden Behind Central Bank–Financed Subsidies
Whereas inflation rates in the US and Europe have risen steeply in the course of the year 2021, consumer price inflation in Japan stood at 0.1 percent for October 2021 …
The First Economics Lesson
Economics is haunted by more fallacies than any other study known to man. This is no accident. The inherent difficulties of the subject would be great enough in any case, …