It should be clear by now that the unbacked paper money system is not only a cause of crises, it is also the central instrument of control for the oligarchic party elites and their supporters.
With a sound money, none of these distortions would have been possible: the limitations of the currency itself would have forced an unwinding of excessive risk far before it could become a clash between major hedge funds and Reddit trolls.
The center-right government that came into power in July of 2019 has failed to liberalize the economy and make market-oriented reforms, with the pandemic making things even worse.
As Thanksgiving approaches, we should be thankful to society’s economic benefactors rather than condemning them because of the wrongheaded ideology of egalitarianism.
Global health bureaucrats would have a much easier time if they could force "renegade" countries like Sweden into line with the power to force a uniform health policy on everyone.
The Mises Institute exists to set the record straight. Economics shouldn’t be left to “experts” with Ivy League degrees serving in government agencies. It exposes the schemes of ambitious politicians and would-be tyrants everywhere.
If lockdowns now seem to be receding, it's because policymakers fear another round of lockdowns would be greeted with resistance rather than obedience.
