Mises Wire

Ryan McMaken and Economist Per Bylund discuss the nature of money in out paper-money world. Are Bitcoin and gold money? If not, how do they become money?  

In the United States, as in Europe, the advent of national citizenship has mirrored and fueled the growth and centralization of state power overall. 

As the Trump administration makes real cuts to federal programs, suddenly the opponents of “waste, fraud, and abuse” are discovering that Trump and Elon Musk are serious about slashing spending. Not surprisingly, the Usual Suspects don't like the cuts.

Hans Hoppe recently criticized Argentina‘s President Javier Milei for not closing the country‘s inflationary central bank. In response, Milei claimed that doing so would result in hyperinflation. Given the central bank prints lots of pesos, shutting it obviously would decrease inflation.

Following last week‘s air crash in Washington, the FAA is receiving extra scrutiny. The real problem with the FAA, however, is that it is a political entity, which means that political goals will determine its capital structure and hiring practices.

The foreign aid bureaucrats at the United Nations, heavily funded by US taxpayers, live lavishly at US taxpayer expense.

I have long been puzzled by the haste and of the conservative-interventionists’ desire for a showdown. Why do all of them implicitly believe that time is on the side of communism?

The media and political outcry that came when President Trump temporarily froze USAID and some domestic funding revealed how the political establishment uses the plight of the most vulnerable people to keep their rigged political system in place.

The Federal Reserve‘s reckless policies have created havoc in the housing markets, with the government and monetary authorities helping to create the apartment bubble, which is in the process of bursting. As usual, bad policies bring bad people into the markets.

California secession would not change the US into a laissez-faire paradise, but the positive change would be immense.