Mises Wire

The US government‘s gold stockpile is not supporting the US dollar. The demand for US debt and currency is largely based on the state‘s taxation power. It‘s not based on gold.

The world‘s trading systems are broken, thanks to fiat currencies and the reckless deficit spending by the US government. There is a way out; it is called settling accounts in gold, which would force fiscal sanity once more.

In a recent New York Times column, Dartmouth professor Brooke Harrington claimed that Trump is undoing trust in our institutions while Franklin Roosevelt restored it. Clearly, Harrington doesn‘t know much about FDR—or Trump.

Franklin Roosevelt’s attacks on the gold standard ushered in “the age of inflation” that has now robbed generations of Americans through the inflation tax.

The US gold reserves in Fort Knox are a legacy of the time the US government confiscated private gold and reneged on its promises to pay its debts in gold.

Tom DiLorenzo, Jonathan Newman, Timothy Terrell, and Jason Jewell spoke on promising alternatives to state-controlled education this past weekend in Tampa. Listen to there talks here.

Universities are incubators of socialism because they are themselves socialist institutions funded by taxpayers with Rube Goldberg-style incentive systems.

Joe Stiglitz is a man with a large ego who believes he holds a special knowledge about economics. In his latest book, however, The Road to Freedom: Economics and the Good Society, his description of what he thought F.A. Hayek believed is a caricature of Hayek‘s thought.

Organized labor, which long has been the bedrock of the Democratic Party, is being courted by the MAGA Republicans trying to bolster their image with the “working classes.” But labor unions are no true friend to the working class.

Some secessionists are talking about redrawing the Illinois-Indiana border. The fact that politicians so vehemently oppose this suggests it’s a good idea.