Mises Wire

Why do individuals desire to have money, which cannot be consumed and produces nothing? To provide an answer to this one must go back in time to establish how money emerged.

Cultural disparities between national, linguistic, or cultural groups can prevent the spread of trade and hamper the adoption of useful economic strategies. 

With default we restore trillions to the private sector and permanently reduce government’s ability to hog the resources we need to maintain prosperity. 

The fact a politician may have prior experience as a "savvy businessman" is irrelevant to the business of the state. States are nothing like private sector businesses, and business skills mean little. 

Many blame capitalism for inequality and the opioid crisis, but the system most associated with substance abuse is communism. But if inequality is the real problem, look no further than the Federal Reserve. 

Beef has become more expensive than pork. Could fiat money have driven resources toward pork-centered "factory farms" and away from less capital-intensive beef production?

The Berlin “housing crisis” has, of course, many causes. But most, if not all of them, are government made. Unfortunately, however, people blame “capitalists” for their plight.

Although the experts assured us Sweden would experience a disaster and a bloodbath without covid lockdowns, the Nordic nation has fared better than Europe on excess deaths. 

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Hopefully, increased interdependence and overlapping interests will help to shape a future of stability in Europe and continue the precious absence of another major war on the continent.