Mises Wire

Is There a Case for the Pre-1914 Gold Standard? Yes, If You Believe Inflation Is a Bad Thing

Booms and BustsCentral BanksThe FedMoney and BanksGold Standard


Academic economists since John Maynard Keynes have mocked the classical gold standard, but when government implemented their system, we got inflation and destruction of the currency. Time to rethink the success of that gold standard.

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Instead of War, Russia, Ukraine and Their Allies Should Try the Free Market

Free MarketsWar and Foreign Policy


To no one's surprise, governments that interfere with their economies at every turn are at war with each other. Perhaps there is another path to peace.

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If You Vote, You Have No Right to Complain



After all the romanticizing about democracy and voting, in the end, we are still left with the sad fact that the worst always find their way to the top.

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Inflation Isn't What the "Experts" Say It Is. The Confusion in Terms Is Deliberate

Central BanksInflation


The usual "experts" claim inflation is a general increase in the price level. Wrong. Prices rise because of inflation, which is a government-caused increase in the amount of money in circulation.

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If Ukraine Joins the EU, It Will Be the Poorest Member by Far

World History


Ukraine should have been a middle-income country by now. Instead, it is one of the poorest in Europe. If Ukraine joined the EU, it would be the poorest country and well below even Bulgaria.

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It Didn't Begin with FDR: Currency Devaluation in the Roman Empire

InflationTaxes and Spending

No matter the historical era, governments have excelled at one thing: debasing their own currency. Rome was no exception, as Roman government excesses required inflation—lots of inflation.

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Inflation: Who or What Is the Culprit?

Money and Banks


A central bank whose policies accommodate irresponsible deficit spending by the federal government is a menace to society, unleashing uncontrollable forces.

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It All Comes Back to NATO

War and Foreign Policy


When the Bush administration announced in 2008 that Ukraine and Georgia would be eligible for NATO membership, I knew it was a terrible idea. 

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