Arguments over the gold standard are not merely technical disagreements. Rather, the gold standard often serves as a proxy for “sound money,” which was a central element in the classical liberal tradition of limiting government’s ability to wreak havoc on society.
Because each person's control over his own body and will are inalienable, no person can be held to any sort of slavery "contract" even if all parties once agreed on it.
Like it or not, libertarians have divided themselves along left-right lines. Here's a brief explanation.
A rising price of gold and silver in US dollars, euros, Chinese renminbi, Japanese yen, etc. means this: the higher the price of this precious metal, the lower the exchange value of official currencies.
Will you help the Mises Institute build this new school of graduate economics today?
There are many reasons we should be skeptical of the GDP statistic. But it is nonetheless important to understand how it is calculated.
Central bankers are saying two things at once. First, they say that negative interest rates are a natural historical development. But then they say negative rates are an essential tool central banks are using to manipulate the economy.
Trump's executive order providing a short deferment on payroll taxes is not really a tax cut. But many voters may perceive it as one.
After years of working as a DC journalist, Bovard found that "the more oppressive the government acted, the more slavish the press became."
We need both prices and entrepreneurs to have a functioning and prosperous marketplace. Under socialism, though, we have none of the above.
