Mises Wire

The Origins of the Dollar's Value

Blog08/07/2020

 The value of a paper dollar originates from its historical link to commodity money—which happens to be gold—and not government decree or social convention.

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The Government Wants Your Crypto Data. And Lots of It.

Big GovernmentBitcoinThe Police State

Blog07/29/2020

Cryptocoins aren't entirely anonymous, and the state is hard at work gathering as much information as it can on all crypto users.

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The Only Long-Term Solution to a Bust Is to Rebuild Savings

Blog07/25/2020

What is required is to seal off all the channels that undermine the generation of real savings. This means that what is required is to close all the loopholes that enable monetary pumping and to cut the government outlays to the bone.

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The COVID-19 Panic Shows Us Why Science Needs Skeptics

HealthMedia and CultureStrategy

Blog07/15/2020

Every major scientific advance challenged the “settled science” of its day and was often denounced as pernicious and false, even dangerous.

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The Market Economy Has Been Replaced by a "Fiat Economy"

Corporate WelfareMonetary PolicySocialism

Blog07/06/2020

We're now seeing an economic system where both supply and demand depend on government subsidies, handouts, and monetary schemes. This isn't a market economy.

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The Problem with Measuring "Consumer Sentiment"

Other Schools of ThoughtPhilosophy and Methodology

Blog07/03/2020

Information on consumer sentiment is potentially helpful, but only insofar as sentiment reflects the reality of the economic situation.

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The Irony of Marxist Class Consciousness

CapitalismSocialism

Blog06/27/2020

Marx believed truth could only be fully understood by a certain socioeconomic class. Ludwig von Mises disagreed.

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The Importance of Economic Theory in Understanding Historical Data

Other Schools of ThoughtPhilosophy and Methodology

Blog06/08/2020

"History cannot teach us any general rule, principle, or law. There is no means to abstract from a historical experience a posteriori any theories or theorems concerning human conduct and policies."

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