There’s a new bout of outrage over an expensive medicine or medical treatment. While the good in question changes each time, the blame always seems to fall on greedy corporations who just aren’t regulated enough. Free markets and capitalism are the scapegoat, even when nothing remotely resembling unhampered markets in health care is in place in the United States.

We need Mises now more than ever. The Federal Reserve is weighing which month to increase their target rate by a quarter of a percentage point, sending the media into a flurry whenever Janet Yellen so much as sneezes. As millions of US voters fall behind a self-avowed socialist, Venezuela’s socialist experiment is crashing and burning: Coca-Cola has shut down operations, toilet paper is a luxury item, power outages are regular, and violence and looting are on the rise. This is a prime opportunity to show others the prescience of Mises.

As 2016’s campaign unpleasantness has accelerated, many Americans were going through another often-unpleasant experience — back-to-school shopping. Unnoticed, however, was that the common parent-child conflict of back-to-school shopping can explain much of Americans’ growing electoral disunity.

When World War I began, many analysts believed that the international gold standard would keep the war short. A war of attrition was not thought to be possible because the disciplining effects of the gold standard — capital flight and gold outflow — were supposed to restrain the ability of states to mobilize resources in times of war. As many believed at the time, states under the gold standard would quickly run out of money to pay for soldiers and resources.

Starting today, the Royal Bank of Scotland will become the first bank in the U.K. to impose a negative interest rate on depositors. The negative rate will apply only to corporate customers, including mutual fund managers and pension funds, holding deposits of certain foreign currencies including euros. This means that RBS—in which the U.K.

There are few things less popular in American politics than raising taxes, which is why there is a longstanding tradition of American politicians finding ways to avoid using the “t” word.

While it’s not surprising to see these sorts of political shenanigans from two parties that have a history of using Orwellian word games to grow government (like the charmingly named Patriot Act), it’s extremely unfortunate to see Libertarian Party nominee Gary Johnson resorting to the same tactics.

Argentina’s former economic minister, Axel Kicillof, became famous for his assertion that it is possible to centrally manage the economy now because we have spreadsheets such as Microsoft Excel. This assertion comes from the mistaken view that the cost of production determines final prices, and it reveals a profound misunderstanding of the market process. This issue, however, is not new. The first half of the twentieth century witnessed the debate over economic calculation under socialism.

Not every criticism of markets or property rights is socialist. This point might seem obvious, but it often gets lost in the incessant social media shouting matches that surround economic policy. In free-market circles, just about every government intervention these days is dismissed as “socialist,” with the predictable result that the term has lost much of its meaning.

Earlier this month, the Bank of England altered the bank rate of interest for the first time since 2009, pushing it from 0.5% down to 0.25%, with a further cut to 0.1% expected later in the year, and an accompanying £70 billion programme of new quantitative easing.

Monday marked the 45th anniversary of Richard Nixon’s closing of the gold window. As Paul-Martin Foss noted, the result since has been dramatic inflation as central bankers loss the last remaining shackles imposed by the Bretton-Woods gold-exchange standard.