In this short essay recently found in the Mises Institute Archives, Mises goes over the basics of monetary theory and shows why the concept of velocity of circulation is useless for understanding changes in the purchasing power of the monetary unit.
The German "stimulus" package does nothing to actually stimulate true economic growth. If German policymakers were smart, they'd be cutting taxes and spending, while abolishing regulations.
If we choose to break the state monopoly of money and allow private digital currencies to compete, a myriad of different solutions will emerge to serve a myriad of different needs.
Euro governments are planning to use the banking system for widespread bailouts in the wake of the COVID-19 shutdowns. This could bring about a new financial crisis.
We're now seeing an economic system where both supply and demand depend on government subsidies, handouts, and monetary schemes. This isn't a market economy.
The Republic of Genoa provides an example of how a small "state" managed to defend itself against much larger states using military resources that were overwhelmingly owned and controlled by private parties.
As Japan has shown, ultralow interest rates can greatly affect a society that was once impressively focused on innovation and investment.
The Constitution is a dead letter. The only way to save its ideals is to rebuild the ideology behind it—laissez-faire liberalism—from the ground up.
Information on consumer sentiment is potentially helpful, but only insofar as sentiment reflects the reality of the economic situation.
Nozick tries and fails to show how a minimal state might justifiably arise from Rothbardian anarchy.
