Mises Daily
Wages, Unemployment, and Inflation
If one does not stop in time the pernicious policy of increasing the quantity of money and fiduciary media, the nation's currency system collapses entirely.
The First French Communists: The Conspiracy of the Equals
"Caius Gracchus" Babeuf came to Paris in 1790 and imbibed the revolutionary atmosphere. Five years later, he founded the secret Conspiracy of the Equals.
Classical Liberal Roots of the Marxist Doctrine of Classes
Few ideas are as closely associated with Marxism, writes Ralph Raico, as the concepts of class and class conflict. But the concept itself, with a more realistic understanding, originates in liberal theory.
Grover Cleveland: The Last Good Democrat
Grover Cleveland, who was pro-gold, anti-tariff, and anti-imperialist, was the last American president in the Jefferson/Andrew Jackson/John Tyler tradition.
The Myth of the Unchanging Value of Gold
Many economics textbooks claim that a function of money is to measure the value of goods. In fact, the value an individual attaches to a given sum of money or to any kind of good (including gold) is based on a subjective judgment and is without physical dimensions.
The Promise of Human Action
Indeed, if we look at the failure of the welfare state, the persistence of the business cycle, runaway inflation, and out-of-control debt, we'll see that each is addressed and predicted in 'Human Action.'
The Real Meaning of Inflation and Deflation
If one looks at the catastrophic consequences of the great paper-money inflations, one must admit that the cost of making and holding gold is the minor evil. It would be futile to retort that these catastrophes were brought about because the regime merely used fiat money improperly.
The Christmas Truce of World War I
Never forget the Christmas truce of World War I, when troops refused to be pawns of empire for one blessed day.
The Myth of the Failure of Capitalism
Socialism and interventionism have not yet succeeded in completely eliminating capitalism. If they had, we would, after centuries of gains in prosperity, rediscover the meaning of hunger on a massive scale.