Capitalism Does Not Create Social Inequality
Critics of capitalism claim that it is responsible for creating inequality in society. Yet the precapitalist societies enforced inequality in a rigid social structure.
Critics of capitalism claim that it is responsible for creating inequality in society. Yet the precapitalist societies enforced inequality in a rigid social structure.
While monetary authorities and progressives would like to have a digital currency implemented, it is a backward step for monetary freedom.
Keynesians believe that economic growth can occur only with an expanding supply of money. Growth doesn't need more money; it needs more savings.
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Progressives claim that capitalism is a form of "social Darwinism." Mises knew better.
John Maynard Keynes derided gold-based money as a "barbarous relic," yet it was gold that enabled a long regime of honest money -- and the advance of civilization.
For nearly two decades, business, academic, and political elites have spread the fiction that central banks can engineer prosperity by printing more money. Markets now are discrediting that fairy tale.
Energy production in the USA and elsewhere is in trouble because of government control. We need more energy and less regulation.
Even if we accept the dubious claim that the supposed strength of the USSR justified nuclear brinkmanship, its absurd to make that same claim about modern Russia.
One hardly can imagine a better tool of social control than a digital currency. Not surprisingly, U.S. monetary authorities are moving in that direction.