In this short essay recently found in the Mises Institute Archives, Mises goes over the basics of monetary theory and shows why the concept of velocity of circulation is useless for understanding changes in the purchasing power of the monetary unit.
Some conservatives insist on calling for the president to deploy troops to pacify rioters even without the consent of state governments in affected areas. If this happens, it will be yet another nail in the coffin of the principles of decentralization, subsidiarity, and limited federal power....
Police are not legally obligated to provide protection from criminals. Nor are they motivated to go after hardened criminals or investigate violent crime. Self defense (or private security) is the only reliable option.
The effects of COVID-19 are not evenly distributed in the United States. Only certain regions are facing sizable strains on their resources. A nationwide lockdown would create huge economic costs for regions where the the costs of disease have been relatively low.
Ludwig von Mises discusses inflation, labor unions, and issues of the adoption of improper terminology and widespread public misinformation at the Mont Pèlerin Society meeting at Princeton, New Jersey, on September 11, 1958.