Mises Daily

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Gold and silver are international commodities, and, when not prohibited by government decree, foreign coins are perfectly capable of serving as standard moneys.

We are living in an Orwell novel, so it is not expected that anyone would remember President Ronald Reagan’s war on Libya in 1986.

The Federal Reserve made an obscure announcement in its weekly report. It appeared to be an inconsequential accounting change in the treatment of earnings. The change was buried in such jargon that it took weeks for the financial bloggers to fully digest what had happened — the new move made it effectively impossible for the Fed to go bankrupt!

<p>Joseph Schumpeter is smiling while the equity holders of Borders stock are crying.</p>

This world-renowned merchant  seeks no fame for his business achievements. Yet there is no story more full of encouragement and inspiration for youth.

When the Egyptian protests first broke out, most Americans celebrated.

Thaddeus Russell’s A Renegade History of the United States is an important new book: a demonstration that rebels and renegades are society’s benefactors. In this revisionist view of American history, you see, there is “an enduring civil war” between these two factions — the “renegades” and the “moral guardians,” whom he also calls the “disciplinarians.”

Living half of one’s life as a slave and half as the master is not the same as being free.

The characters are rugged individuals &mdash; ingenious in their ability to fend for themselves, under all manner of adverse conditions &mdash; and asking for help from nobody.