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When Money Dies: Germany and Paper Money After 1910

After 1910, Germany increasingly relied on fiat money to pay the bills. It wasn't just the Treaty of Versailles that eventually led to hyperinflation, but an all-too-common policy of turning to inflationary monetary policy.


Austerity as Economic Liberation

Those who argue against austerity are claiming that government will more wisely spend, invest, and save than private persons and firms.


Mises Economics Blog

William Anderson: Business Week Tries to Resurrect the Corpse of John Maynard Keynes
Just when the current discussion on economics by public intellectuals like Paul Krugman hits bottom, Business Week decides to dig the hole even deeper by lionizing John Maynard Keynes. Keynes, according to BW, had the theories that can fix the curren ... More »

Ryan McMaken: Patrick Barron: The End of the US Dollar Imperium, Part 2
Jeff Deist and Patrick Barron continue their discussion on monetary imperialism. They delve deeper into US dollar supremacy, and how it might end with a whimper instead of a bang; how the Bundesbank is a potential savior for the world monetary order, ... More »

Ryan McMaken: The Olympics: The Biggest Corporatist Sports Scam of All
 The 2022 Olympics (i.e., the Winter Games) is now down to only two applicant nations: China and Kazakhstan. This follows the withdrawal of Norway after the taxpayers of Norway balked on ponying up the cash necessary to make the Olympi ... More »

David Howden: The Housing Boom Returns
For the last decade (or more), Canadians have been ebullient about their home-grown housing boom. Home prices in Toronto have grown by leaps and bounds over the past decade. New homeowners have rushed in to take advantage of what seems like a surefir ... More »

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In the Mises Store

Place of Economics in Learning, The

We’ve put into print a single chapter from Human Action, “The Place of Economics in Learning.” We picked it because it provides an excellent overview of the Misesian worldview concerning economics... More »

Libertarian Critique of Intellectual Property

What is the status of intellectual property? Are patents and copyrights legitimate in a free society? Butler Shaffer is a distinguished libertarian legal theorist who has for many years taught at... More »

The Law

How is it that the law enforcer itself does not have to keep the law? How is it that the law permits the state to lawfully engage in actions which, if undertaken by individuals, would land them in j... More »

Newly Updated E-books

American Liberalism and World Politics 1931-1941

Planned Chaos

"Woodrow Wilson's Defeat in Yugoslavia: The End of a Multicultural Utopia"

Making Economic Sense

Anatomy of the State



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