Venezuela Has Hyperinflation. Now What?
The future of Venezuela is grim. International reserves will be depleted, monetary expansion will not pay the deficit, and inflation will continue.
Mises Wire
Sorry, Stiglitz: It’s Socialism That’s Rigged — not Capitalism
Ever since winning the Nobel Memorial Prize in “Economic Science” in 2001, Joseph Stiglitz has been a one-man advocacy band for growth of the state.
Coffee Sellers Are Not Fundamentally Different from Banks
Whether dealing in coffee or loans, failed entrepreneurs can cost a lot of people a lot of money. But that's not a reason to bail out any of them.
The Case Against Pharma Patent Monopolies
Brand recognition, competition, and de-regulation are the keys to a more affordable and more competitive drug market.
Why Ludwig von Mises Advocated for Liberal Nationalism Following WWI
In Nation, State, and Economy, Ludwig von Mises offered a radical alternative to the prevalent models for solving national conflicts.
Does a Falling Money Supply Cause Economic Slumps?
As the foundation of the economy weakens, bank lending weakens also. And then money begins to disappear from the banking system.
On Veterans’ Day, Remember the Lies That Filled Military Cemeteries
A few hours studying the lessons of history can prevent heaps of grave-digging in the coming years.
The Morning of November 11, 1918
The costs of recovering from the war would be paid by those who had had little to do with bringing about the massacres.
The Death of Venezuelan Federalism — and the Rise of Socialism
As Venezuela shows, the abolition of federalism and other forms of decentralization have often been a prelude to a turn toward socialism.
The Next Financial Crisis
The next crisis is not likely to be another Lehman, but another Japan — a widespread zombification of global economies.
