Mises Wire

Today is Ralph Raico's eightieth birthday. He is the greatest living historian of classical liberalism and a leading libertarian theorist.

Increasing the money supply leads to many negative effects that are not measured as price inflation in measures like the CPI.

When anti-capitalist leftists expound on the evils of "neoliberalsm," they are usually just attacking freedom and free markets in general.

As the 2016 election draws near, the elephant in the room continues to be central banks and their immense power.

The world monetary order is changing. Slowly but steadily, global trade and currency markets are becoming less dollar-centric.

Some inflation hawks are beginning to speak up at the Fed. But will they be enough to put the brakes on the current easy-money experiment?

All of this has happened before, and all of this will happen again.

It is often argued that democracy replaces violent political changes with peaceful ones, but this is not quite as convincing as we are told.

Far from being neutral, inflation leads to changes in political institutions, and these changes push up unemployment over time.

Joseph Salerno spoke on "Why Falling Prices Are Good for Business" at Ramapo College in New Jersey on October 4.