The 1920 article by Mises is as unknown today by graduate students in economics as it was in 1990, 1950, or 1930. But at least one man in the socialist camp admitted to the New York literati that Mises was right.
No, “societal” value is not what you want or think is good, and “we” are not a homogenous entity of observable, aggregated preferences.
Even when an economic bust appears, there may still be enough real savings in the economy to quickly put the economy back on track. This is what brings economic recovery, not artificial "stimulus."
During October 2020, year-over-year (YOY) growth in the money supply was at 37.08 percent. That's down slightly from September's rate of 37.54 percent, and up from October 2019's rate of 4.8 percent.
When governments subsidize projects, citizens pay twice—once as taxpayers who indirectly pay the subsidy, and then again as consumers in higher prices for the goods they buy and in reduced consumption.
Socialist regimes under the Soviets and the National Socialists silenced scientific theories that appeared to contradict the regime's ideological dogmas. The modern politicization of science is going down that road.
The reasons why digital currencies are a bad idea are the same reasons why central banks are sure to implement them.
If the word “free” is to have any meaning, it should mean something more than whatever freedom remains after the government has finished restricting it.
Private firearms ownership decentralizes coercive power, transferring some of it from the state to the private individual. Naturally, political regimes oppose this. But even many non-Americans embrace private arms.
Contra Marx, Mises understood that human desires and needs are not determined merely by biology.
