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According to Galiani, interest equalizes present and future money. It is a means to compensate for the palpitations of the heart that a creditor must endure until the money is returned.

We're now seeing the first time the money supply has actually contracted since the 1990s. The last time the year-over-year change in the money supply slipped into negative territory was in November of 1994.

Claudio Grass interviews Jeff Deist on the tumultuous year ahead.

Modern progressive governance claims it has science on its side. Hayek's Nobel speech put holes in that viewpoint.

Self-determination means the ability to make laws for one's own community free from intervention by Washington, DC. Most of the world can do this. Why can't Americans?

Americans typically are told that private enterprise wastes resources while government preserves them. Economic truths turn that canard upside down.

The roots of Austrian economics go back to the great theologian Saint Thomas Aquinas, whose view of what constitutes a good was a prototype of Menger's pathbreaking theory of the good.

If you follow Indian politics, chances are you expect news of political horse trading every major election cycle.

The Chinese Community Party's crackdown in Christian churches reflects the perceived antiauthoritarian nature of Christianity and the party's fear of a competing alternative worldview.

While socialists posit socialism as a humane and ethical system, it is anything but that. Mises understood its brutality long before socialism gripped the world.