Why Monetary Expansion Must Stop
With unlimited quantities of fiat money, the day seems to have arrived when anything is possible. But this is an illusion.
Mises Daily
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Guerrilla Hoarding
In common usage, anyone who stores more of a good than their neighbors do is often viewed as a “hoarder.” A common example of hoarding is stocking up on durable grocery items. Historically, governments have frowned upon hoarding. What’s good for us is bad for them.
The Tyranny of Government Courts and Prisons
Compulsory labor permeates our legal and judicial structure: we are forced to play along with all they demand.
The Need for 100% Reserves
No one will suspect John Adams of demagogy, but he was quick to denounce any issue of private bank notes as a fraud upon the public.
The Budget Battle
The only reason this nonsense is sustainable is due to the promise of the Federal Reserve to back all this spending with money creation.
Why Bastiat Is Still Great
If we were to take the greatest economists from all ages and judge them on the basis of their theoretical rigor, their influence on economic education, and their impact in support of the free-market economy, then Frédéric Bastiat would be at the top of the list.
The Social Function of Insurance
With insurance the client pays a small amount of money (the premium) in exchange for a more certain future, in which his wealth will not fluctuate as wildly in different possible scenarios.
The Bad Word
Fascism's roots are not indigenous to Italy but are to be found in all Western societies; the New Deal is but one example.
How to Eliminate Social Security and Medicare
These programs have caused a massive diversion of savings into government consumption, not only by diverting taxes into current government spending, but also by undermining one of the most important motivations for private saving and investment.
The Case for Frugality
It is a natural and healthy reaction to a politically created economic downturn that has devastated the stability of so many families.
