In studying history, it is key to avoid definitional anachronism—failing to note how a word has changed over time and assuming the present meaning was the same in the past. This is often the case with the word currency as used in colonial America.
Mainstream economists, not to mention most financial journalists, claim that deflation is as bad or worse than inflation. The Austrians know better. We need deflation and we need it now.
The New York Times claims that the “administrative state”—that is, governance by unelected bureaucrats—protects our country and enhances democracy.
The old saw that when one has a hammer, everything else is a nail certainly applies to a new book by Oliver Bullough on so-called money laundering. Joakim Book sets the readers straight.
Over the centuries, many academic institutions and publications have played their role in the good work of defending freedom. The Mises Institute does this today.
This war is not just making energy more expensive, it’s knocking out the higher order goods the global structure of production depends on. This has already locked in dangerous shortages in critical industries like healthcare, food production, and much more.
The US finds itself once again in an undeclared overseas war. Republicans in Congress, however, are unwilling to hold Trump to the Constitution.
Before J. M. Keynes and Stephanie Kelton, there was John Law. The promise of free money never seems to die.
"It is legitimate to use violence against criminals in defense of one's rights of person and property; it is completely impermissible to violate the rights of other innocent people."
The Tenth Amendment to the US Constitution was supposed to affirm the sovereignty of individual states. However, after years of centralization, that amendment has been reduced to what Murray Rothbard called a “meaningless tautology.”
