Ludwig von Mises Books
The Broken Windows of America’s Foreign Policy
In our increasingly interconnected world, we frequently observe events and effects that result from seemingly unrelated causes and connections.
Government
[Excerpt from chapter 3 of the Bastiat Collection.]
I wish someone would offer a prize—not of a hundred francs, but of a million, with crowns, medals and ribbons—for a good, simple and intelligible definition of the word “Government.”1
Tariffs Add to China’s Banking Bust
While Americans contemplated Jeffrey Epstein’s demise, Chinese authorities had more pressing matters as the country’s third bank was bailed out late last week. HengFeng Bank with $200 billion in assets fell into the hands of “Central Huijin Investment, a subsidiary of the China Investment Corporation that acts as the Chinese government’s shareholder in the country’s four biggest banks,” according to a brief report overnight by Shanghai Securities News, published by state news agency Xinhua and cited by Zero Hedge.
Greenspan Expects the US to Embrace Negative Interest Rates. Here’s Why That Would be “Catastrophic.”
One’s own bookcase provides the perfect illustration of time preference, which is the greater value of possession over non possession. There will be books bought on a whim which just clutter a bookshelf and have no value. Next time there’s a clear-out, they are destined for the charity shop: there’s no difference in time value, being worthless to the owner today and in the future.
De-Dollarization: Europe Joins the Party
The ongoing “World War of Currencies”, as the German journalist Daniel D. Eckert called it, the battle for the future of the world monetary system is not a shallow action film but more like Game of Thrones – a complex series with hundreds of actors and locations, stretching over decades and demanding full concentration from the viewer.
The History of Sin
[Excerpt from “The Fall and Rise of Puritanical Policy in America,” Journal of Libertarian Studies 12, no. 1 (1996): 143–60]
Economic Busts Can Happen in a Free Market. But Central Banks Make Things Much Worse.
Given the nature of the modern global economic system, it is only natural to focus on the role of government-created money and central banks when discussing recessions and the ever-expanding credit structure. However, it is important to remember that theoretically, booms and busts and other downturns are not impossible in a truly free market system. Although, the length, scale, and scope of such downturns are greatly expanded under a system of fiat credit expansion.
