Mises Wire

Are rising oil prices responsible for inflation? While some economists and many in the media make that connection, the reality is much different. Inflation occurs because of expansion of the money supply.

Can silver be called a Giffen Good? Probably not, although that fact doesn’t discourage some from looking for the equivalent of a unicorn in economic thinking.

What happens when a corporation resists a government edict because company leaders believe the policy to be morally wrong? The ordeal of Anthropic is a current case in point.

One of the legacies of Keynesian thought is the belief that war is “good for the economy.” While war may help enable employment, nonetheless, its overall legacy is destructive, and even the jobs war “creates” are economically undesirable.

In this week’s Friday Philosophy, Dr. David Gordon reviews Joseph Salerno’s Money, Sound and Unsound, and still finds it golden.

Government entities like the Postal Service operate in a world of market prices, so they are not fully socialist. However, they still are subject to the limitations of socialist calculation problems.

Despite the claims of the chartalists, early American monetary history tells a much different story than one falsely claiming state-issued fiat money undergirded the colonial economy. In fact, much of the historical evidence illustrates Menger’s monetary theory.

The existence of the arsenal makes the State of Israel ineligible for US aid under US law. This is a problem for the US regime which exploits Americans to send military aid to the State of Israel.

It's unknown what Trump thinks is the real reason for the current war with Iran, but stealing the oil is perhaps on the list, right after bombing the country "back to the stone ages." 

The original western values such as juridical equality, political freedom, natural rights, and religious tolerance are being co-opted into a system of “positive” rights that are socially and morally destructive.