Americans have benefited mightily by holding and trading with the world’s reserve currency, though most people haven’t given it a thought. No one remembers when the pound sterling held this distinction a hundred years ago.
Audio Mises Wire
Audio recordings of Mises Wire articles, offering contemporary news and opinion through the lens of Austrian economics and libertarian political economy.
In the United States, one can't so much as drive down the street or purchase cough syrup without government-issued identification. Yet federal courts consider it beyond the pale that voters confirm they are who they say they are.
One point to make here is that there is over 70 percent more submerged land in the US than the total amount of dry land in this country. That is, the federal government owns more submerged land than the total amount of land in the fifteen states.
In order to prevent the economy sinking into a lasting state of stagnation, what is required is to reduce both government spending and government regulation, and to rein in the Fed.
This week's clash over federal attempts to control tribal drilling rights highlights the importance of tribal sovereignty in limiting federal power.
There's a lot of excessive optimism about the economy during the next four years in America. However, the US still comes out on top when compared to Europe and China.
In a free society, peaceful citizens deserve the legal benefit of the doubt. In an age where government agents have endlessly intruded onto people’s land and into their emails, citizens should not be scourged for transgressing unknown or unmarked federal boundaries.
At Tuesday’s Senate confirmation hearing, former Fed chair and President Biden’s pick as US Treasury secretary Janet Yellen claimed to have an appreciation for the nation’s debt burden, then proceeded to show she clearly doesn’t.
Biden’s pick for assistant secretary of health forced nursing homes to accept patients with covid and wants to ration healthcare based on social justice.
Almost immediately after his inauguration, President Joe Biden began creating new government dictates via executive orders. Many of these executive orders concern coronavirus, fulfilling Biden’s promise to make ramping up a coronavirus-inspired attack on liberty a focus of his first one hundred days...
So, you've heard that big tech companies have transcended the niggling free market and reached the lofty heights of partisan politics—and act accordingly. Unlike prominent political figures, you might not make the top of the purge list, but it's no secret that censorship is surging. Both to protect...
Colonial America was a society of smugglers and scofflaws who regarded government regulations as worthy of contempt. Twenty-first century America is quite different.
"We find no clear, significant beneficial effect of [lockdowns] on case growth in any country….In none of the 8 countries and in none out of the 16 comparisons [examined] were the effects of [lockdowns] significantly beneficial."
A store of value is not necessarily a medium of exchange, and in our current fiat money system, gold is not money. But it has most of the desirable properties of money, and there is much to learn form the process of how it became money in the past.
With Donald Trump safely out of the way, it is now safe for politicians and their friends in the media to begin scaling back their panicked hysteria over covid-19.
A guilty-until-proven-innocent mentality is winning at many colleges where a “believe the women” ideology dominates. Now these trends are making inroads into criminal justice even off-campus.
Both theory and the empirical research shows a competitive marketplace is incongruous with racism, but the Left insists capitalism is "inherently" racist.
Should skepticism of the 2020 election, fueled by a new administration's actions, finally convince 50+ million Trump supporters that the barbarians in the Beltway do not represent him, then Trump’s presidency will be—despite his own actions—the disruption that America’s elites truly feared.
America’s founders did not envision the federal government as the domineering senior partner in almost everything. What was once best described as “sovereign States, united solely for specified joint purposes” has been largely eviscerated.
As a result of past reckless fiscal and monetary policies the pool of real wealth could be declining. If so, stagflation will result.
