Like a gun safe hanging from a rope ten stories high

01/28/2004 Mises Wire Mises.org

Eric Englund has some thoughts on Potential Inflation. “As has happened with all previous fiat currency experiments, government debt is repaid by simply printing the money to pay back the government’s debt obligations (i.e., bonds). Of course, as more money is printed, its value falls just like the gun safe plunging from ten stories above the ground.”

What Is The Mises Wire?

Mises Wire offers contemporary news and opinion through the lens of Austrian economics and libertarian political economy.

Submitting articles to Mises Wire

Reprints, Permissions and Copyrights

The views expressed on Mises Wire and mises.org are not necessarily those of the Mises Institute.

Subscribe to the Mises Wire RSS feed

Latest Articles

From Bad to Worse, Irish Rent Control

08/05/2025 Mises Wire James Murphy

Apparently, Ireland‘s government has not learned any lessons from rent control disasters elsewhere. Thus, the Irish will have to learn this hard lesson and face the consequences of their economic folly.

Mises University 2025

08/04/2025 Mises Wire Llewellyn H. Rockwell Jr.

I’d like to begin by telling you something about how I founded the Mises Institute in 1982 and what we are trying to accomplish. Thirty-five years ago, when I was contemplating the creation of a...

Cold War 2.0 Heats Up

08/05/2025 Power & Market Ron Paul

Last week the nuclear rhetoric between the US and Russia made some of us feel like we were transported back to 1962. Back then, Soviet moves to place nuclear-capable missiles 90 miles off our coast in...

Jeff Bezos’s Yacht: Driver of Economic Activity

08/05/2025 Power & Market Lipton Matthews

A yacht—like any good exchanged on the free market—represents countless value-maximizing exchanges and represents an industry that employs thousands of people to provide goods and services to others.

How Does Money Acquire its Value?

08/04/2025 Mises Wire Frank Shostak

Thanks to modern Keynesian economics, most people believe money gains its value from the government that issues it. Money's value, however, is historically tied to the value of the commodity from which money was derived.

Meet the Writer

Mises.org

Misesians on 9/11, Then and Now

09/11/2014 Mises Wire Mises.org

Libertarians were virtually alone in opposing the planned expansions of government power in the wake of 9/11, and then as now, we saw the attacks for what they were: criminal attacks on human persons...

Chris Matthews: Wages

06/14/2014 Mises Wire Mises.org

David Brat, the economist at Randolph -Macon college who defeated Eric Cantor in that GOP primary in Virginia, said recently that wage increases are only appropriate when a worker’s productivity...

Subscribe to our Mailing Lists

What is the Mises Institute?

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

Become a Member