Mises Institute

When Fiat Currency Stops Being Money

Blog11 hours ago

If the private sector does not accept a currency as a general means of payment and a store of value, the currency becomes worthless and ceases to be money. Ultimately, it becomes useless paper.

Poland's Beef with the EU Shows the Dangers of Political Centralization

Blog11 hours ago

The more the EU micromanages Polish internal affairs and punishes Poland for the simple act of exercising self-determination, more the benefits of leaving the bloc altogether will continue to increase.

Reflections on the Pure Theory of Money of Mr. J.M. Keynes

12/03/2021Mises Daily Articles

Hayek relentlessly scrutinizes and exposes the weak and patchwork structure of Keynes's theoretical arguments and then dismantles it brick by brick, leaving nothing standing.

Equality and Envy


There are many reasons why activists and intellectuals oppose inequality. Envy is one of them.

Jim Bovard on HL Mencken

12/03/2021Mises Media
Jeff Deist and Jim Bovard discuss Mencken's work, his complicated elitism, his Old Right politics and social views, and the magnificent pleasure of reading this master.

The DC Sniper Rampage: The Biggest Police Debacle of the Century?


The Washington area was traumatized for weeks by two dimwitted psychopaths who rode around brazenly shooting people from the trunk of their ancient Chevrolet. Sadly, law enforcement officials had apparently met their match.

The Befuddling World of the Antieconomist

12/02/2021The Austrian

One of the darlings of the left's intellectual brotherhood gives us a look into the state of intellectual affairs therein. Piketty expounds "there is no universal law of economics: There is only a multiplicity of historical experiences and imperfect data.” Piketty is what Mises calls an "...



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