Mises Wire

Is there a case for an American empire? Professor Nigel Biggar of Oxford University believes so, but David Gordon sets him straight.

Radical Charles Dunoyer wanted "the municipalization of the world" by which states would be broken up and forced to compete both with the private sector and with countless other states.

Some claim that slavery was the main reason for the success of the Industrial Revolution in Great Britain, but the answer lies elsewhere.

The Fed claims 2 percent inflation promotes "price stability." However, that policy also causes the boom-and-bust cycle, which is anything but stable.

Central banks claim that their main purposes are to help an economy maintain high rates of employment and price stability. Ironically, they claim to do this through inflation targets.

Leonard Read had much to say about how socialism already was entangled in our economic and social order.

In wartime, politicians frequently attempt to claim that all the citizens of foreign states are guilty of all the crimes their regimes commit. This is a modern invention, and a barbaric one.

The money supply is on a long and fast downward trajectory. This points toward recession and is just one more indicator of economic weakness in addition to negative GDP and an inverted yield curve. 

Standard neoclassical definitions of money call it a means of exchange and a store of value. But is this correct?

The current bout of inflation is the latest disaster in a string of disasters caused by government debasement of once sound money.