Why Mises Rejected Common Notions of “Progress”
"It is not true that the masses are always right … ‘Belief in the common man’ is no better founded than was belief in the supernatural gifts of kings, priests, and noblemen.”
Mises Wire
Venezuelans Turn to Gold Nuggets as the Local Currency Implodes
In one region of Venezuela, gold flakes have become the currency of choice in the region, with prices for commodities and services quoted in grams of gold.
Three Reasons to Start Taking Secession Seriously
All polities come to an end sooner or later. The fanciful America-will-last-forever position is something that should seem plausible only to small children or the hopelessly naïve.
How Science So Often Devolves into Quick Fixes and Quackery
One mistake we make is to assume that the people who shout the loudest about their research must thus be right, or even know what they’re talking about.
Will Price Controls Make a Comeback?
Price controls, or antigouging laws, discourage innovation and sometimes can lead to supplies of goods and services being directed to other markets. In other words, price controls lead to shortages.
Why the Fed’s 2 Percent Inflation Standard Is So Bad
The world of the 2 percent target is something truly new and worse than what came before. It’s not the same old monetary policy with slightly higher inflation targets.
Three Ways Government Spending Is Ripping Us Off
Whether through taxes, debt, or inflation, government spending is about ripping off the productive taxpayers. Argentina's inflation and runaway deficits provide a cautionary tale.
The Military’s Social Policy Suggests a Lack of Real-World Threats
No other regime poses any existential threat to the US regime, and because of this the US military has the luxury of engaging in wasteful policies that undermine actual military effectiveness.
Protectionism Is Immoral, Unjust, and Corrupt
If a businessman pulls a gun on a customer and demands 20 percent more for a product, that is robbery. If a politician intervenes to the same effect, it is fair trade.
Why Business Owners Can’t Just “Pass on” Tax Costs to Consumers
If business owners could increase their prices without a loss in sales, they would have already done so. Yet many conservatives mistakenly claim tax increases are just "passed on" to consumers.
