For more than thirty years, lecturing at Mises University has been the highlight of my academic year. Students arrive filled with excitement about this experience—a weeklong intellectual feast that for many of them will be life changing. What a delight for an economics professor like me to have the opportunity to teach free market, Austrian economics to intelligent, motivated, and wonderful young people with a genuine passion for learning. Opening night at Mises University is always overflowing with excitement and anticipation.

Central banks’ monetary policies are the most perverse government intervention. Their consequences are dire, last for a very long time, and people don’t perceive them as problems or don’t comprehend the damage they are doing. Monetary policy (monetary expansion and artificially low interest rates) has five main consequences that harm overall living standards.

Alabama Governor Kay Ivey signed a bill on May 17 that removes all income taxes on capital gains from the sale of gold and silver, enabling the state to take an important step forward in reinforcing sound money principles.

With this move, Alabama joins a growing number of states prioritizing the protection of citizens against the deleterious effects of inflation, currency debasement, and mounting federal debt.

In order to make the data “talk,” economists utilize a range of statistical methods that vary from highly complex models to a simple display of historical data. It is generally believed that one can organize historical data through quantitative methods into a useful body of information, which in turn can serve as the basis for assessing the economy.

Late in his presidency Donald Trump renominated Dr. Judy Shelton to serve a fourteen-year term on the Fed’s seven-member Board of Governors, but given her written advocacy of the gold standard and her flip-flop during confirmation hearings, she failed to win the post.

U.S. Representative Alex Mooney (R-WV) has re-introduced sound money legislation to remove all federal income taxation from gold and silver coins and bullion.

The money supply is rising again, and persistent price inflation is not a surprise. Price inflation occurs when the amount of currency increases significantly above private sector demand. For investors, the worst decision in this environment of monetary destruction is to invest in sovereign bonds and keep cash. The government’s destruction of the purchasing power of the currency is a policy, not a coincidence.

Readers ask me why the government would be interested in eroding the purchasing power of the currency they issue. It is remarkably simple.

Since 2020, the number of families participating in homeschooling has increased significantly, and with it, discussions about regulations. Currently, regulations of homeschoolers are a state-by-state phenomenon, with Pennsylvania and New York among the states with the most regulations and Missouri, Texas, and Oklahoma with the least.

Some philosophers, drawing upon Immanuel Kant’s Critique of Pure Reason, have questioned the nature and limits of reason. By contrast, human reason plays a central role in libertarian thought. In the ordinary dictionary sense, human reason means simply “the ability of a healthy mind to think and make judgments, especially based on practical facts.”