Mises Wire

Willmoore Kendall on Mill and Free Speech

Philosophy and Methodology

Blog5 hours ago

Kendall, a leading twentieth-century conservative, admired Rousseau and thought it was a good thing that Rousseau's "general will" of the people suppresses freedom of opinion.

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What the Trade Balance Means for a Currency's Purchasing Power

Global EconomyMoney and Banks

Blog09/15/2020

Since the trade balance has nothing to do as such with either the supply of money or the demand for money, we can conclude that trade balances do not determine the purchasing power of money of respective countries.

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What’s the Price of Gold? It Depends.

Blog09/14/2020

Spot? COMEX? Retail? How the price of gold varies by market. And why.

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Why Freedom of Association Is So Important

Book ReviewsLegal SystemPhilosophy and Methodology

Blog09/10/2020

Tyrants inevitably work to destroy private associations. Such associations are outside of their control and are an alternative pole of allegiance, and therefore must be eliminated.

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Where Did the US Government Get the Power to Assassinate People?

The Police StateU.S. HistoryWar and Foreign Policy

Blog09/09/2020

This CIA’s omnipotent power to assassinate people came into existence without even the semblance of a constitutional amendment. It was ostensibly enacted by Congress and later acceded to by the Supreme Court.

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We're Headed toward Stagnation—Unless the Fed Reins In Its Money Printing

Booms and BustsInflationThe Fed

Blog09/08/2020

Eventually, loose monetary policy will damage real savings to the point that the economy can no longer sustain sufficient economic growth. At that point, it will become clear that money printing can't create economic growth.

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Why Entrepreneurs—Unlike Politicians—Seek to Truly Serve the Public

Blog09/04/2020

An entrepreneur earns profit by serving the consumers, the people, as they are and not as they should be according to the fancies of some grumbler or potential dictator.

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Why Economics Cannot Be Understood through Experimentation

Philosophy and Methodology

Blog09/01/2020

Human beings make choices based on their own personal goals and values. There is no way to recreate these conditions in a laboratory experiment.

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