Mises Wire

Franklin Roosevelt’s attacks on the gold standard ushered in “the age of inflation” that has now robbed generations of Americans through the inflation tax.

The US gold reserves in Fort Knox are a legacy of the time the US government confiscated private gold and reneged on its promises to pay its debts in gold.

Tom DiLorenzo, Jonathan Newman, Timothy Terrell, and Jason Jewell spoke on promising alternatives to state-controlled education this past weekend in Tampa. Listen to there talks here.

Universities are incubators of socialism because they are themselves socialist institutions funded by taxpayers with Rube Goldberg-style incentive systems.

Joe Stiglitz is a man with a large ego who believes he holds a special knowledge about economics. In his latest book, however, The Road to Freedom: Economics and the Good Society, his description of what he thought F.A. Hayek believed is a caricature of Hayek‘s thought.

Organized labor, which long has been the bedrock of the Democratic Party, is being courted by the MAGA Republicans trying to bolster their image with the “working classes.” But labor unions are no true friend to the working class.

Some secessionists are talking about redrawing the Illinois-Indiana border. The fact that politicians so vehemently oppose this suggests it’s a good idea.

It is no concern of ours. And this does not mean trying to broker a settlement in the Ukraine war. It means staying out completely. We should not send any weapons there.

While MMT advocates claim special knowledge, the irony is that they don't understand money at all. Like all progressive statists, they fail to comprehend the economic damage done through their “modern” monetary manipulations.

While state power has smothered French society for more than four centuries, the problem is becoming worse, as the government deliberately undercuts the market economy to “fight climate change.” The French will have neither cooler temperatures nor prosperity.