Mises Wire

When Fiat Currency Stops Being Money

Money and Banks

Blog6 hours ago

If the private sector does not accept a currency as a general means of payment and a store of value, the currency becomes worthless and ceases to be money. Ultimately, it becomes useless paper.

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Poland's Beef with the EU Shows the Dangers of Political Centralization

Decentralization and SecessionGlobal EconomyWar and Foreign Policy

Blog6 hours ago

The more the EU micromanages Polish internal affairs and punishes Poland for the simple act of exercising self-determination, more the benefits of leaving the bloc altogether will continue to increase.

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Equality and Envy

Socialism

Blog12/03/2021

There are many reasons why activists and intellectuals oppose inequality. Envy is one of them.

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The DC Sniper Rampage: The Biggest Police Debacle of the Century?

U.S. History

Blog12/03/2021

The Washington area was traumatized for weeks by two dimwitted psychopaths who rode around brazenly shooting people from the trunk of their ancient Chevrolet. Sadly, law enforcement officials had apparently met their match.

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How Governments Seized Control of Money

Money and BanksWorld History

Blog12/02/2021

It took many centuries for regimes to secure the sort of prestige and power necessary to claim a monopoly over money. From the state's perspective, it has been worth it. 

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Africa's Long History of Trade and Markets

World History

Blog12/02/2021

Capitalism is not a "legacy of colonialism" in Africa. In fact, markets and interregional trade have long been practiced on the continent. And markets today are still the answer to raising standards of living.

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Elizabeth Warren Is So Very Wrong about Inflation

Money and BanksU.S. Economy

Blog12/02/2021

Elizabeth Warren has pronounced her verdict on higher food and gasoline prices: they are nothing less than the result of corporate greed. In fact, there is no inflation, only corporations arbitrarily raising prices.

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Understanding Why Government Policies Fail

Blog12/01/2021

Gary Galles has in this outstanding book shown how to apply basic economic principles: he can convey free market principles in a simple and memorable way; and he also has a detailed knowledge of the policies he analyzes.

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