The common belief is that inflation is the general rise in consumer prices. However, rising prices are a symptom of inflation, which really is expansion of the money supply.
One of the canards of mainstream economics is that only government can provide the "optimum" number of nonrivalrous, or public, goods. Austrian economists have never accepted that theory.
Thanks to all of our generous donors who are participating in our 2023 Fall Campaign. Your continued support is vital and much appreciated.
The Mises Institute sends a big THANK YOU to everyone who's donated to our Fall Campaign. If you haven't given, please donate today to double your impact. Every bit helps!
Javier Milei has promised to make the US dollar Argentina's currency if he is elected. Whether it will help the Argentine economy is another matter.
While supporters of fractional reserve banking claim banks inform depositors that they are really lenders (and banks are borrowers), a survey of the fine print yields says otherwise.
Why do people become libertarians? What attracts them to Austrian economics?
Today marks the birthday of Ludwig von Mises, and day 5 of our annual Fall Campaign. Will you support liberty today?
Although there has been excitement and fanfare over the recent BRICS meetings and proclamations, it is doubtful that these economies’ performance can match their rhetoric.
With the creation of the Federal Reserve in 1913, the American people began their new "partnership" with the federal government. The results were wars, inflation, and currency debasement.
