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Venezuela Turns to Barter

Global EconomyMoney and BanksMoney and Banking

Blog07/19/2018Joseph T. Salerno

As planned by Chavez, barter is indeed replacing currency transactions throughout the economy but with hardly the results the late socialist envisioned.

Video: Wall Street and Central Bank Collusion

Money and Banks

Blog06/07/2018Nomi Prins

In this 40-minute presentation, Nomi Prins explains the cronyism and secret dealings of central banks.

Venezuela's New Cryptocurrency Is not Really "Backed by Oil"

Global Economy

Blog03/09/2018Charles Hugh Smith

If a currency can't be converted on demand into the underlying commodity, it's not "backed" by that commodity.

Venezuela Needs Monetary Freedom, and Soon

Money and BanksMoney and Banking

Blog02/08/2018Luis B. Cirocco

Venezuela is facing a crisis of immense proportions. A crucial first step in lessening the disaster is giving citizens choices in the money they use.

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Venezuela's Default Disaster

Global EconomyMoney and BanksMoney and Banking

Blog11/20/2017Daniel Lacalle

In the end, the socialist promise of free money is very expensive for all. Let’s learn the lesson.

Violence: How It's Different From Market Exchange

War and Foreign PolicyInterventionismPolitical Theory

Blog08/03/2017Murray N. Rothbard

Not all human action is truly voluntary in the marketplace. Violence can be used to distort and force a wide variety of relationship among human beings.

Venezuela: Forty Years of Economic Decline

Corporate WelfareThe Police State

Blog05/17/2017José Niño

By the 1970s, the Venezuelan economy was in deep trouble. The half-hearted reforms that followed, paved the way for the rise of Hugo Chávez.

Venezuela Before Chavez: A Prelude to Socialist Failure

Global EconomyPrivate Property

Blog05/04/2017José Niño

The roots of Venezuela's failed regime can be found even before Hugo Chávez took office.

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Biden Can Now Launch the Nukes and Unleash World War III Whenever He Feels Like It

Ryan McMaken

The power to incinerate a billion or more human beings over morning coffee remains in the power of the president. This morning Biden supporters on Twitter were ecstatic over the video of the nuclear launch equipment being handed over to Biden.

The Unwelcome Return of the Real Purveyors of Violence

Ron Paul

It’s hard to be optimistic about a Biden administration with so many hyperinterventionist Obama retreads. Get ready for new wars and "regime change" operations.

Unintended Consequences: Some Problems with National Income Accounting

David Howden

It's not that we need to rid ourselves of the baggage of macrostatistics completely. Rather, we need to 1) critically assess whether they are appropriate, if so, 2) for what role, and finally 3) whether they are consistent as a tool we can use to tell the story we want.

Halfway to Secession: Unity on Foreign Policy, Disunity on Domestic Policy

Ryan McMaken

Expect opponents of secession and decentralization to start claiming that neither option is acceptable because any big change to the status quo could endanger American "strength" in foreign policy. Don't listen to them.

What Biden/Harris Will Do

Jeff Deist

Will Biden/Harris be a transformative administration?

Meet Our Wire Contributors

Richard M. Ebeling

Richard M. Ebeling is the BB&T Distinguished Professor of Ethics and Free Enterprise Leadership at The Citadel...