Hyperinflation and the Destruction of Human Personality
The concrete effects of the destruction of money and property on human personality are demonstrated most vividly in the historical episode of the German hyperinflation of 1923.
The concrete effects of the destruction of money and property on human personality are demonstrated most vividly in the historical episode of the German hyperinflation of 1923.
Even though our legal authorities treat smugglers as criminals, smugglers actually are promoters of liberty who usually break unjust laws. The US was practically founded on smuggling.
Mises is on the march, and the elites are terrified. We already have the support of some of the Fed’s greatest critics, and we need your help.
Switzerland has been a neutral country for about five hundred years. Sweden also has a tradition of neutrality, but it has recently changed its position, to its own detriment.
The neoconservatives are prime examples of what happens when the temptation to empire and hegemony, far from being resisted, is eagerly embraced by conservatives.
The US government’s recent arms sale to Israel is a reminder that arms sales have become a significant part of US foreign policy, as well as a major source of instability around the world.
Fallout, the dystopian series on Prime, hardly is free market in its caricature of business. However, the show lends itself to being analyzed through the lens of Austrian Economics.
According to an article in The Atlantic, Washington is turning away from its previous commitment to “free trade.” However, there never was a “free trade consensus” because Washington always has sought state-managed trade.
Central banks intervene in order to “create demand,” and then they intervene in order to try to mitigate the damage they caused earlier. This is a never-ending scenario of economic destruction.
Even though the US had a semilibertarian revolution, there are few libertarians in representative governance.