Double your gift today.

Today, the ideas of Ludwig von Mises are as important as ever. During his career, he discredited the ideas of socialism, identified the role central banks play in creating financial booms and busts, and established himself as the most powerful defender of capitalism.

Why does the dollar bill in our pockets have value? According to some commentators, money has value because the government in power says so. For other commentators the value of money is on account of social convention. What this implies is that money has value because it is accepted, and why is it accepted? … because it is accepted!

In 2016, we watched time and time again as polls stated that people liked Donald Trump because he is a businessman and came from outside the world of politics. Dozens of factors led to his election but there is no doubt that among voters this mindset of the potential for a savvy businessman in charge was at play. However, looking at it in hindsight, can we really say that a savvy businessman was ever in charge?

The state strives for power, and what grants power is fear and dependence. The state is making people dependent on it, both as means for control and as an outcome of many policies intended to provide relief.

After years of controversy surrounding Nord Stream 2 the project is nearing its light at the end of the tunnel. The natural gas pipeline will connect Germany directly to Russia by way of the Baltic Sea. In an instance of the U.S. not interfering in foreign affairs, President Joe Biden has decided against sanctions in favor of stabilizing transatlantic relations.

The regime is trying to whip up maximum hysteria or the chances that the US government could default on its debts if the debt ceiling is not raised.

So far, the financial markets don’t seem to care that much, as ten-year Treasurys over the past week have barely risen above 1.5 percent, and not even matched last March’s recent high. Investors seem pretty confident that the world will still exist even after default.

But the media and Democratic politicians assure us that any default will bring about a second Great Depression and financial collapse.

Today marks the birthday of Ludwig von Mises, and a chance to double your impact.

Mises was the most important scholar of the twentieth century, a man who not only revolutionized our understanding of economic science, but was also a powerful champion of liberty and property and the greatest enemy of socialists of all kinds.

It’s been said that the war is not meant to be won; but what about America’s recovery from COVID-19? Hearing Fed Chair Jerome Powell speak last week as he held interest rates steady and continued with monthly billion-dollar asset purchases didn’t offer any assurances that victory is on the horizon.