There have been criticisms against Javier Milei´s plan to install a 100% reserve banking system in Argentina. One of the fears is that in a 100% reserve banking system there would be price deflation which would be detrimental to the economy. I have written about the myth that falling prices are to be fought against with inflation of the money supply in my book “In Defense of Deflation” which has recently been recommended by Javier Milei on X.
Over and above industrial-scale mass murder of individual people—Israel is engaged in the eradication of Gazans as a People.
Inarguably, to condemn Israel’s industrial-scale campaign of slaughter and starvation in Gaza ought to be ethically straightforward. Basic really.
That Israel is committing the “the crime of all crimes” against the Palestinians of Gaza is not within the realm of opinion.
That the Global North is standing stock-still in the face of this well-documented holocaust is not in dispute.
Last month, the US Senate passed a resolution saying the over 34 trillion dollars (and growing) national debt threatens national security. A few days later, a bipartisan majority of the Senate voted for a 1.2 trillion dollars spending bill. In addition to the usual increases in war and welfare spending, the bill funds gender transitioning for minors without parental consent and red flag laws, which allow law enforcement to seize an individual’s firearms without due process.
Welcome to Virtual Mises University 2024! This is the digital version of the Mises Institute’s week-long Mises University seminar held in Auburn, Alabama. Here you will find audio and video recordings, lecture slides, Mises U schedule, suggested readings, and information about the faculty. All information and course materials will remain available even after Mises U ends. We are very happy to have you following along online with the on-campus students.
Patrick Newman joined Saifedeam Ammous’s The Bitcoin Standard Podcast to discuss Rothbardian economic history from the 1780s to the Federal Reserve, with a focus on Rothbard’s The Progressive Era.
In case you thought anybody in Washington was driving this thing, they are not.
It’s official: the Department of Treasury is now issuing debt at pandemic levels. It’s worth noting the pandemic record was double the previous record, which had stood for 231 years.
In raw numbers, the latest numbers for Q4 2023 show Treasury issued $7 trillion in new debt. For the entire year, it came to $23 trillion.
In these days of rampant inflation, it’s imperative that we return to the gold standard—and the real thing too. By this I mean the classical gold standard, not the so-called “gold exchange” standard, and with no fractional reserve banking, just as the great Murray Rothbard wanted. In what follows, I’ll discuss some of the economic issues below, but it’s important to realize that it’s a moral issue as well.
The year 2024 marks three significant anniversaries for Friedrich August von Hayek, who follows Ludwig von Mises as influential in the Austrian School of economics. This is the one hundred twenty-fifth year of Hayek’s birth, the fiftieth anniversary of being awarded the Nobel Prize for economic science which he shared with Gunnar Myrdal, and the eightieth anniversary of the publication of his The Road to Serfdom, which is available in the Mises online store.
