Mises Daily

Malcolm D. Magee's new book on Woodrow Wilson examines a much-neglected topic: the role of Wilson's religion in his enthusiasm for war and his goal to “conquer, convert, and change the nations.”

Our global system of fiat moneys favors spenders and borrowers over savers. Low- and moderate-income households who wish to save for the future are at the greatest disadvantage, and this has led to profound cultural changes over the past century.

The present global plague of asset price inflation is transitioning into a new phase. Some optimistic commentators suggest a benign and painless end to the plague lies ahead, but the evidence suggests otherwise.

The new mises.org is not just a renovation of the old site, but rather a wholly new platform that will serve as the foundation from which we can adopt new innovations in web design, social media, mobile technology, and more.

The Economist recently opined that interest rates don't affect investment. This claim is based on an empirical study that contradicts what we already know: that lower prices lead to more demand. In the end, the problem lies with the researches who fail to account for the behavior of central bankers.

Ludwig von Mises held that middle-of-the-road policy in economic interventionism eventually leads to widespread socialism. With price controls, protectionism, and rampant inflation, Venezuela and Argentina have proven him right. 

The term “anarcho-capitalism” has, we might say, rather an arresting quality. But while the term itself may jolt the newcomer, the ideas it embodies are compelling and attractive, and represent the culmination of a long development of thought.

Berlin provides us with an example that comes as close to that of a controlled social experiment as one could probably hope to get.

War is the outcome of class conflict inherent in the political relationship — the relationship between ruler and ruled, parasite and producer, tax-consumer and taxpayer. The parasitic class makes war with purpose and deliberation in order to conceal and ratchet up their exploitation of the much larger productive class.

The state seems more powerful than ever, but the state is both economically and intellectually unsustainable. We're already witnessing a breakdown in the state's legitimacy and power, and we should be optimistic about seeing more of this in the future.