Mises Daily

Increasing the supply of fiat money, also known as inflation, leads to a myriad of social and economic ills, affecting employment, the family, emotional health, and more.

Investor Mark Spitznagel and Ron Paul discuss agriculture policy, Wall Street, fiat money, investing, and Ron Paul’s plans for the future.

Supporters of minimum wage hikes claim that such hikes have little or no effect on employment, but the law of demand makes it clear that the effects of such price controls are very real.

Many people are willing to donate much money to clean up government-owned lakes and streams and to spend many hours fundraising and complaining about pollution. But suggest to those people they should just pay market prices for access to those same bodies of water, they become indignant.

Political consultants and mainstream reporters are fixated on conventional electoral politics, as if no other form of societal change were conceivable. Meanwhile, the real threat to the established political order is the intellectual movement behind radical free-market libertarianism that continues to build and grow.

Austrian economists have been wrongly accused of many intellectual crimes when it comes to fractional reserve banking. Robert Batemarco adds some clarity to the debate.

It’s difficult to envisage a downward-sloping yield curve in an unhampered market economy since this would imply that investors are assigning a higher risk to short-term maturities than long-term maturities. But in today’s economy, an upward or a downward sloping yield curve reflects the Fed’s interest rate policies.

Mises and Rothbard are exemplars of what can be considered a modest life that bore remarkable fruit.

The Flashman Papers serve not only as the enjoyable, politically-incorrect memoirs of the world’s greatest cad, but also as bowdlerization-free historical accounts including the stumbling, botched efforts of an empire that can’t leave anyone alone.

The "Lost Decade" narrative in Japan and the US has kept the drive for more government intervention going for a long time.